Colorado

Denver — Westwood Financial has purchased The Shops at Walnut Creek, a 225,224-square-foot shopping center in Denver. At the time of sale, center was 94 percent occupied by tenants including TJ Maxx, HomeGoods, PetSmart, Michaels, Old Navy, Dollar Tree, Qdoba, Buffalo Wild Wings, Massage Envy, LensCrafters, Sephora and Lash Lounge. Brad Lyons of CBRE represented the seller, InvenTrust Properties, in the deal.

Parker, Colo. — Armstrong Capital Development (ACD) has completed the sale of Parker Keystone, a 16,600-square-foot retail center located in Parker, roughly 25 miles southeast of Denver. A publicly traded REIT acquired the property for an undisclosed price. Located at the intersection of South Parker Road and Lincoln Avenue, the multi-tenant center was fully leased at the time of sale to tenants including Bank of America, Wingstop, Dunkin’ Donuts and AAA Colorado. ACD completed the transaction on behalf of its ACD 2013 Fund LP. Cory Gross of Marcus & Millichap …

Denver — Riverfront Shops LLC has completed the disposition of The Shops at Riverfront Park located in the Riverfront Park neighborhood of downtown Denver. A local private partnership acquired the property for $11.8 million. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction. The Shops at Riverfront Park features 31,898 square feet of retail space along the ground floors of Riverfront Tower, Park Place Lofts and Promenade Lofts.

Denver — JLL Capital Markets has arranged the sale of The Shops on Montview, an 8,511-square-foot retail center located in the Central Park neighborhood of Denver. Tenants at the center — which was built in 2020 and was 100 percent leased at the time of sale — include I Heart Mac & Cheese, Pizza Hut, Smile Studio Dental and Starbucks Coffee. Jason Schmidt of JLL represented the seller, Miller United Real Estate LLC, in the transaction.

Longmont, Colo. — An affiliate of Pine Tree, in partnership with Wafra Inc., has purchased Harvest Junction, a 364,000-square-foot retail center located in Longmont, roughly 15 miles outside of Boulder. Barry Brown, Bryan Ley and Jason Schmidt of JLL brokered the $73.8 million transaction. Shadow-anchored by Lowe’s, the retail center features tenants including Best Buy, Dick’s Sporting Goods, Marshalls, Ross Dress for Less, Michael’s, Petco and DSW. This acquisition marks the third for Pine Tree in Colorado.