Armstrong connects with Arvada center
Armstrong Capital Development LLC made its second retail purchase along the Front Range since December with its purchase of Arvada Connection. The Denver-based private equity real estate investment, development and management company paid $17.5 million for the approximately 54,000-square-foot center at 5220 Wadsworth Blvd. in Arvada. “We are very pleased to have invested in the…
Jennifer HayesJune 15, 2019
Online shopping brings more demand for distribution centers
It’s the late ’90s. The retail landscape is defined by big-box stores, one-stop shops where consumers can find everything they need.
CREJJune 7, 2019
Work starts on $50M Gateway Crossing development
Construction is underway on a $50 million mixed-use development in Green Valley Ranch, bringing much-needed tenants to the area. Equity Ventures Commercial Development and Wall Development Group have broken ground on Gateway Crossing, a more than-100,000-square-foot multilevel development at the northwest corner of Green Valley Ranch Boulevard and Tower Road. The project will feature a…
Jennifer HayesJune 2, 2019
Fully leased Park Meadows area property sells for $4.35M
A multitenant triple-net leased retail asset sold at a price nearing $300 per square foot. William Penn Apartments LLC, according to public records, paid $4.35 million, or $293.86 per sf, for 7824 Park Meadows Drive. It was sold by 7824 Park Meadows LLC. Constructed in 2003 and located at Park Meadows Drive and Acres Green…
Jennifer HayesMay 24, 2019
Discipline ushers in strengthened retail market
Denver’s retail real estate environment has never been healthier, regardless of media coverage about e-commerce and its impact on retail. Retail rents in our market have increased since mid-2014 at a
CREJMay 3, 2019
Tips to design retail space for any future tenant
Unless you are working for a specific client in a build-to-suit situation, building retail space can feel like a guessing game. How do you create a core-and-shell building that is the most appealing to the
CREJApril 29, 2019
Maggiano’s trades for $12.3 million
A Maggiano’s restaurant in Englewood sold to a buyer boosting its triple-net-leased holdings in the Denver metro market. Meatball LLC paid $12.3 million, or $736.31 per square foot, for the Maggiano’s Little Italy at 7401 S. Clinton St. Maggiano’s Property Corp. sold the property, for which there is a 15-year sale initial lease term. The…
Jennifer HayesApril 28, 2019
Where have all the boxes gone?
In recent years, the retail industry has been abuzz with feverish talk of the Amazon effect, the retail apocalypse, and the end of brick and mortar. Despite the hype, small-shop leasing has stayed on
CREJApril 27, 2019
Evergreen Devco to develop Dry Creek Commons center
Evergreen Devco Inc. is set to start work next month on Dry Creek Commons, a Thornton retail development – adding to the “significant” development activity occurring in the city.
Jennifer HayesApril 22, 2019
Net-leased, single-tenant retail property trades for $2.9 million
A single-tenant, net-leased property in Winter Park recently sold for $2.9 million.
Jennifer HayesApril 15, 2019