Colorado

Hanley Investment Group Arranges $5.6 Million Sale of Starbucks-Anchored Retail Building in Denver

by Katie Sloan March 2, 2021

Denver — Hanley Investment Group has arranged the $5.6 million sale of Retail @ Hotel Row, a fully-leased, five-tenant retail building situated at 6991 N. Tower Road in Denver. Jeff Lefko and Bill Asher of Hanley Investment Group and ParaSell Inc. represented the seller, Wadsworth Development Group. The buyer, Kamby Real Estate, was represented by David, Hicks & Lampert Brokerage. Built in 2018, the 10,300-square-foot building is situated on 1.6 acres and is leased to Starbucks Coffee with a drive-thru, as well as Jersey Mike’s Subs, BurgerIM, Pho 92 Vietnamese restaurant and Jasmine Nails …

March 2, 2021

Colorado Investment sales News

Pinnacle Negotiates $2.6 Million Sale of Retail Building in Castle Rock, Colorado

by Katie Sloan January 28, 2021

Castle Rock, Colo. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 970 Park St. in Castle Rock. The building traded hands for $2.6 million. Located on a corner lot, the 11,143-square-foot property is situated on a lighted interchange and offers flexible zoning allowing for multiple uses. The building was constructed in 2005. Robert Lawson and Jamie Mitchell of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal. The name of the buyer was not released.

January 28, 2021

Colorado Investment sales News Retailers

Marcus & Millichap Brokers $6.2 Million Sale of Johnstown Plaza Retail Center in Colorado

by Alex Tostado January 19, 2021

Johnstown, Colo. — Marcus & Millichap has arranged the sale of Johnstown Plaza, a shopping center located at 4914 Thompson Parkway in Johnstown. A private developer sold the asset to an undisclosed buyer for $6.2 million. Built in 2017, the property features 15,140 square feet of retail space. At the time of sale, the center was 100 percent occupied by Bad Daddy’s, Visionworks, Sprint, Berry Blendz, LUX NailBar and Honolulu Poke Bar. Ryan Bowlby and Drew Isaac of Marcus & Millichap represented the seller in the deal.

January 19, 2021

Colorado Grocery-anchored Investment sales News Retailers

Dunton Commercial Acquires Belmont Square Retail Center in Colorado for $6 Million

by Alex Tostado January 8, 2021

Pueblo, Colo. — Greenwood Village, Colorado-based Dunton Commercial has purchased Belmont Square, a grocery-anchored shopping center located in Pueblo, approximately 44 miles south of Colorado Springs, Colorado. Belmont Square LLC sold the asset for $6 million. Situated on 11 acres at the corner of Bonforte Boulevard and Constitution Road, Belmont Square features 89,619 square feet of retail space. Built in the 1950s, the property underwent renovations in 2011. At the time of sale, the asset was 76 percent leased to tenants including Sav-A-Lot, AutoZone and Pizza Hut. Jon Hendrickson, Mitch …

January 8, 2021

Colorado Investment sales News Retailers

Pinnacle Estate Advisors Negotiates $14.9 Million Sale of Brentwood Center Retail Property in Denver

by Alex Tostado January 4, 2021

Denver — Pinnacle Estate Advisors has negotiated the sale of Brentwood Center, a shopping center located at 1951, 2095 and 2099 S. Federal Blvd. and 2000 S. Hazel Court in Denver. A local partnership sold the asset to a Denver-based private investor for $14.9 million. Situated on 13.3 acres, Brentwood Center consists of eight buildings offering a total of 133,494 square feet of retail space. At the time of sale, the property was 84 percent leased to 30 tenants, including Save A Lot, Family Dollar, Brurger King and Aaron’s. Justin …

January 4, 2021

Colorado Company news Entertainment News

Punch Bowl Social Files for Chapter 11 Bankruptcy

by Alex Tostado December 23, 2020

Denver — Punch Bowl Social has filed for voluntary Chapter 11 bankruptcy through the U.S. Bankruptcy Court for the District of Delaware. The Denver-based “eatertainment” concept has closed all but three of its locations due to the COVID-19 pandemic. The venues in Austin, Texas; Arlington, Virginia; and Atlanta remain open. In summer 2019, Cracker Barrel invested $140 million in Punch Bowl Social. According to multiple media reports, the restaurant chain chose during the pandemic to not invest any further in Punch Bowl Social, instead focusing on its own business.

December 23, 2020

Colorado Investment sales News Retailers

Marcus & Millichap Brokers $13.3 Million Sale of Durango Town Center in Colorado

by Alex Tostado July 7, 2020

Durango, Colo. — Marcus & Millichap has arranged the sale of Durango Town Center, a retail shopping center located in Durango. A private partnership led by David Spriggs of Denver-based DMS Real Estate sold the asset to a private local investor for $13.3 million. Ryan Bowlby and Drew Isaac of Marcus & Millichap represented the seller, while Brian Hagger, also of Marcus & Millichap, represented the buyer. Phillip Gause of Marcus & Millichap Capital Corp. placed financing on behalf of the buyer. Located at 1125, 1145 and 1185 S. Camino …

July 7, 2020

Colorado Company news News

Baceline Investments Offers Resources, Individual Guidance for Small Business Tenants

by Alex Tostado June 8, 2020

Denver — As retailers continue to face uncertain times during the COVID-19 pandemic, Denver-based Baceline Investments has shifted its focus to providing support and creating tools, resources and personal guidance for the small businesses of its 73 neighborhood shopping centers under management nationwide. The boutique private equity real estate investment and management company’s national portfolio currently includes 900 small business tenants. “We’ve taken an all-hands-on-deck approach to supporting our small business partners,” says Todd Laurie, partner and executive vice president of fund services for Baceline. “We’ve mobilized our company into …

June 8, 2020

Colorado Finance Grocery-anchored News Retailers

JLL Arranges $26.7 Million Refinancing for Alcove on Arapahoe Shopping Center in Boulder, Colorado

by Alex Tostado May 13, 2020

Boulder, Colo. — JLL Capital Markets has secured $26.7 million in refinancing for Alcove on Arapahoe, a community shopping center in Boulder. The firm placed the 10-year, fixed-rate loan with Nationwide for the borrower, an existing co-investment partnership that Regency Centers manages. Built in 1957 and renovated in 2019, Alcove on Arapahoe offers 159,050 square feet of retail space. Tenants include Safeway, HomeGoods, Verizon Wireless and Flower Child. Tarik Bateh, Kristian Lichtenfels and Jennifer Swanson of JLL Capital Markets arranged the financing for the borrower.

May 13, 2020

Colorado Grocery-anchored Investment sales News Retailers

Marcus & Millichap Arranges $6.8 Million Sale of Natural Grocers-Occupied Retail Asset in Denver

by Alex Tostado April 29, 2020

Denver — Marcus & Millichap has arranged the sale of a retail property located at 18471 Green Valley Ranch Blvd. in Denver. The newly constructed building traded for $6.8 million, setting a nationwide pricing record for a fee-simple Natural Grocers store, according to Marcus & Millichap. Cory Gross of Marcus & Millichap’s Denver office represented the undisclosed buyer and undisclosed seller in the deal. Natural Grocers occupies the 13,000-square-foot property on a 15-year triple-net lease basis. The organic and natural foods grocery store is set to open in the coming …

April 29, 2020

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