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ColoradoInvestment salesNews

Evergreen Sells Six Retail Parcels at West Mesa Commons in Colorado Springs, Colorado

by Hayden Spiess

Colorado Springs, Colo. — Evergreen Devco has sold six retail parcels located at West Mesa Commons shopping center in Colorado Springs. Totaling 8.5 acres, the parcels are situated within a 51-acre mixed-use development project by Evergreen, which also includes an apartment community and townhome community. A 2,213-square-foot Starbucks Coffee occupies one of the parcels, and other tenants include a 5,606-square-foot Super Star Car Wash and a 5,533-square-foot Circle K. Pacific Dental Services plans to begin construction at the property this fall, and Popeyes and Les Schwab Tire Center also plan to …

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ColoradoLeasingNews

Tenants Sign Leases Totaling 66,000 Square Feet at Shops at Northfield in Denver

by Hayden Spiess

Denver — New tenants have signed leases totaling roughly 66,000 square feet at Shops at Northfield, an open-air retail center located in Denver, bringing the property to 96 percent occupancy. P.F. Chang’s, Bowlero, Sephora and a lululemon pop-up store are among the new tenants at the center, which comprises 769,359 square feet and was built in 2006. Stockdale Capital Partners is the landlord. 

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ColoradoInvestment salesNews

Westwood Financial Sells 23,847-Square-Foot Shopping Center in Metro Denver

by Hayden Spiess

Greenwood Village, Colo. — Westwood Financial has sold Yosemite Center, a 23,847-square-foot shopping center located in Greenwood Village, roughly 12 miles outside Denver. Tenants at the property, which was fully leased at the time of sale, include Chipotle Mexican Grill, Jimmy John’s, Advance Auto Parts, Massage Envy, The Joint and D1 Training. CBRE National Retail Partners brokered the transaction. 

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ColoradoDevelopmentMixed-useNews

Cal-Coast, Rescore Underway on 688,000-Square-Foot Mixed-Use Development in Los Angeles

by Hayden Spiess

Los Angeles — Cal-Coast Development Corp. and Rescore Property Corp. are underway on the development of The Rise Koreatown, a 688,000-square-foot mixed-use project located in the Koreatown neighborhood of Los Angeles. Upon completion, the property will feature 363 apartment units and 52,619 square feet of retail space. Nadel Architecture + Planning is the architect for the project, the first phase of which was recently completed. 

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ColoradoCompany newsNews

Lance Taylor Joins NewMark Merrill as Vice President of Acquisitions and Development 

by Hayden Spiess

Westminster, Colo. — Lance Taylor has joined NewMark Merrill Cos. as vice president of acquisitions for the firm’s Mountain States division, based in Westminster. Taylor, who has 30 years of experience in the industry, will source and oversee property acquisitions and identify and manage new development projects in the region. Most recently he served as principal of real estate investments and development for SL Taylor Investments LLC. NewMark Merrill Mountain States currently owns and operates 10 retail centers totaling 1,500,000 square feet. 

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RA Centers Arranges $72 Million Refinancing for Retail Portfolio

by Hayden Spiess

Newport Beach, Calif. — RA Centers has arranged $72 million for the refinancing of a portfolio comprising four shopping centers. Located in Redlands, California, the first property, Orange Street Plaza, totals 155,000 square feet. Vons, Trader Joes, Office Depot and U.S. Bank anchor the center, which was 99 percent occupied at the time of financing. The second property, Front Gate Plaza, is located in Lancaster, California, and comprises 150,000 square feet. Stater Brothers, Goodwill, Wells Fargo, McDonalds, Taco Bell and The Habit anchor the center, which was 90 percent occupied …

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ColoradoFinanceInvestment salesMixed-useNews

Essex Secures $32 Million Acquisition Financing for Mixed-Use Property in Denver

by Hayden Spiess

Denver — Essex Financial Group has secured $32 million in acquisition financing for the purchase of 2nd & Josephine, a 105,253-square-foot mixed-use property in Denver. Comprising four buildings, the development was fully leased at the time of sale. Bank of America anchors the property, which features retail and office space, as well as 260 parking spaces. Paul Donahue, Cooper Williams, Nate Schneider and Andrea Mehlem of Essex arranged the seven-year, fixed-rate loan through an undisclosed life insurance company on behalf of the buyer.

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ColoradoInvestment salesNews

RealSource Brokers $3.1 Million Sale of Single-Tenant Retail Property in Monument, Colorado

by Hayden Spiess

Monument, Colo. — RealSource Group has arranged the $3.1 million sale of a single-tenant retail building located in Monument. Grease Monkey occupies the 5,309-square-foot building, which was built in 1995 and renovated in 2007. The tenant recently signed a 10-year initial lease. Austin Blodgett and Jonathan Schiffer of RealSource, along with ParaSell Inc., represented the seller, a private investor, in the deal.

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