Aurora, Colo. — JLL Capital Markets has negotiated the sale of Parkside Collective, a 24,985-square-foot retail strip center in Aurora, a suburb located 15 miles east of downtown Denver. Situated within a larger mixed-use development known as Parkside at City Center, the three-building retail property was 86 percent leased at the time of sale to a mix of national and local tenants, including Five Guys, Cheba Hut and Einstein Bros. Bagels.
Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, an entity doing business as Parkside Aurora LLC, in the transaction. A partnership between locally based real estate firms Spark & Halo and Two Arrows Group, as well as Los Angeles-based OlivePoint Capital, purchased the property for an undisclosed price.