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California retail investor acquires Tamarac Shopping Center for $20 million

Denver County

Property Location: 7777 E. Hampden Ave. & 3333 S. Tamarac St., Denver, “Tamarac Shopping Center”

Property Description: 68,534-sf shopping center, YOC 1976

Land Size: 7.21 acres

Sales Price: $20M, or $291.83 per sf

Reception No.: 2017164598

Closing Date: 12/18

Grantor: AIP Properties #1 LP c/o DDR

Grantee: Tamarac Shopping Center 17 A LLC c/o ACF Property Management Inc., Alan C. Fox, pres., & Cathy Reynolds, VP, 818-505-6777

Financing: $12.3M payable to Life Insurance Company of the Southwest

Comments: Shadow anchor to 135,000-sf Target Retail Outlet, which opened in July 2013. Chad Murray, Mark Williford and Bryan Ley of HFF handled the sale of the property. See APN: 6333-00-071, 6333-00-105, 6333-00-107, Benihana restaurant, 7,528 sf, YOC 1976; 27,894-sf shopping center, YOC 1975; 33,112 sf shopping center, YOC 1978.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.