Highlands Ranch, Colo. — Marcus & Millichap has arranged the sale of Highlands Ranch Marketplace, a neighborhood retail center in Highlands Ranch. Sidford Capital acquired the asset for $6.1 million. Located at 9385 S. Colorado Blvd., Highland Ranch Marketplace was fully leased to 10 tenants at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller, a Colorado-based private investor, and procured the buyer in the transaction.
Colorado Springs, Colo. — CBRE has facilitated the sale of Erindale Square, an open-air retail property in Colorado Springs. A New York City-based investor acquired the property from a Los Angeles-based investor for $12.1 million. Situated on 6.9 acres at 5881-5975 N. Academy Blvd., the 29-unit Erindale Square features 103,552 square feet of retail space. Current tenants include Fodor Billiards, Bill’s Bed and Appliances, Cutting Edge Realtors, HomeFix and The Door Christian Center. At the time of sale, Erindale Square was 90 percent leased with 10,657 square feet still available. The …
Denver and Fort Collins, Colo. — Gart Properties has received a $54 million refinancing for four retail properties totaling 436,055 square feet in the Denver and Fort Collins metropolitan areas. Eric Tupler of JLL placed the 10-year, fixed-rate, non-recourse loan with a life company on behalf of the borrower. Loan proceeds were used to retire existing debt and to allow Gart to renovate and reposition the centers. The portfolio includes Indian Tree Shopping Center, located at 7705-7739 Wadsworth Blvd. in Arvada; Saddle Rock Village, located at 7400 S. Gartrell Rd. …
Commerce City, Colo. — Blue West Capital has arranged the $3.4 million sale of a single-tenant retail property in Commerce City, approximately 6 miles northeast of downtown Denver. Brandon Gayeski and Robert Edwards of Blue West Capital represented the seller, a Colorado-based partnership. The buyer was a 1031 exchange investor based in Colorado. The 2,340-square-foot property features a drive-thru and was constructed in 2020. Located at 4860 East 60th Ave., Starbucks Coffee occupies the property on a long-term lease.
Commerce City, Colo. — Blue West Capital has arranged the $3.4 million sale of a single-tenant retail property occupied by Starbucks Coffee in Commerce City, about 6 miles from Denver. Brandon Gayeski and Robert Edwards of Blue West Capital represented the seller, a Colorado-based partnership. The buyer was a 1031 exchange investor based in Colorado. The 2,340-square-foot property features a drive-thru and was constructed in 2020. Located at 4860 East 60th Ave., Starbucks Coffee occupies the property on a long-term lease.
Lakewood, Colo. — Blue West Capital has brokered the sale of a retail property located at 5807 W. Colfax Ave. in Lakewood, about 7 miles from Denver. A California-based family office sold the property to a California-based investor for $2.8 million. O’Reilly Auto Parts has occupied the property on a net-lease basis since 1998, with approximately four years remaining on its lease. Brandon Gayeski of Blue West Capital represented the seller and buyer in the deal.
Lafayette, Colo. — The Boulder Group has arranged the sale of a single-tenant retail property located at 825 U.S. Highway 287 in Lafayette, about 11 miles from Boulder. The building traded for $6.8 million. Tractor Supply Co. occupies the 21,930-square-foot building on a net-lease basis. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the California-based 1031 exchange buyer in the transaction, while Andrew Bogardus of Cushman & Wakefield represented the undisclosed seller.
Denver — Monfort Cos. has completed the sale of 1946 Market Street, a 22,000-square-foot retail building leased to Dierks Bentley’s Whiskey Row in Denver’s LoDo neighborhood. Jim Blumenthal, a local real estate investor, acquired the property for $24 million. Brett MacDougall and Michael DeSantis of Unique Properties represented the buyer. Monfort Cos. and Riot Hospitality Group will continue to lease and operate the property, which recently underwent renovations that included a 6,000-square-foot addition.
Johnstown, Colo. — Buc-ee’s has unveiled plans to enter the Colorado market with a travel center in Johnstown, approximately 47 miles from Denver. The development — which will be the company’s first location outside of the South — is set to open in 2024. Located south of Weld County Road 48 and west of Interstate 25, the 74,000-square-foot property will offer 120 fueling positions and a store with snack, meal and drink options.
Denver — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a 23,300-square-foot property occupied by Sprouts Farmers Market in Denver’s Green Valley Ranch neighborhood. Ryan Bowlby and Drew Issac of IPA, along with James Rassenfoss of Marcus & Millichap, represented the seller, Evergreen DevCo, and procured the buyer, Rustic Partners, in the deal. The grocery store anchors a new shopping center development located at the northeast corner of 56th Avenue and Tower Road.
