Denver — Evergreen Devco has completed the disposition of a multi-tenant retail building located at the northeast corner of 56th Avenue and Central Park Boulevard in northeast Denver. 5565 N Beeler LLC acquired the building, which is located within The Shops at Beeler Park. The acquisition price was not released. Situated on 33,371 square feet, the 8,500-square-foot building is fully leased to five tenants including Epic Cycles, Aspen Lane, Paws’n’Play, Box State Barbers and Northfield Pediatric Dentistry. Dorit Fischer and Hayden Hirschfield of Shames-Makovsky Realty Co. represented the buyer in …
Fort Collins, Colo. — A joint venture between McWhinney and Prism Places has purchased Foothills, a regional mall located on 63 acres at 215 Foothills Parkway in midtown Fort Collins. Totaling 662,000 square feet, the property includes a 128,000-square-foot Macy’s department store and originally opened as Foothills Fashion Mall in 1973. The acquisition includes all of the mall’s assets and buildings, with the exception of the parking structure and surface parking fields — which are owned by Foothills Metro District — and the Foothills Activity Center, which is owned by …
Fort Collins and Windsor, Colo. — Avison Young has brokered the $10.1 million portfolio sale of three shopping centers located in northern Colorado. In total, the properties occupy just over 60,000 square feet and include Oakridge Shopping Center in Fort Collins, and The Shops at Westwood and Windsor Town Center II, both of which are located in Windsor. David Maling, Chris Maling and Sam Crowe of Avison Young represented the seller, Johnson Investments Inc. Cushman & Wakefield represented the buyer, Neighborhood Equities LLC. Oakridge Shopping Center is a 21,633-square-foot property …
Denver — Marcus & Millichap has arranged the sale of Pecos Square, a multi-tenant retail property located at 1777 and 1717 W. 38th Ave. in Denver. A private investor acquired the property from a private partnership for $5.1 million. Built in 1988, Pecos Square features 10,729 square feet of retail space and was 100 percent occupied at the time of sale. The property consists of 81 percent corporate leases with an average occupancy of 18 years. The asset also features a standalone Burger King restaurant. Drew Isaac and Ryan Bowlby …
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 …
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.
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.
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 …
Pinnacle Estate Advisors Negotiates $14.9 Million Sale of Brentwood Center Retail Property in Denver
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 …
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.