So, you want to be a mixed-use developer?

Stuart ZallPresident, The Zall Co. As the population grows and land gets more expensive to develop, mixed-use projects are going to be the means of new development in the future. The more sophisticated mixed-use developers target creating spaces that incorporate multiple elements within an area to activate an urban vibe. They take residential users and…

CREJ

August 9, 2019

Shadow-anchored center in Northglenn sells for $5.22M

A Safeway shadow-anchored center in Northglenn recently sold for $5.22 million. A local, private buyer purchased Washington Point, a 36,442-square-foot retail center at 540 E. 120th Ave. in Northglenn. Constructed in the late 1990s, Washington Point was 92% occupied at the time of closing. The largest tenant at the center is ARC Thrift, which occupies…

Jennifer Hayes

August 4, 2019

The Great Recession, the great expansion and Colorado retail investment real estate

Since the end of the Great Recession (2008-2009) and the start of the great expansion (second half 2009), anyone fortunate enough to count themselves a commercial real estate professional in Colorado has benefited.

CREJ

August 2, 2019

Is charging traditional per-square-foot rent over?

Webster’s dictionary defines rent as “a usually fixed periodical return made by a tenant or occupant of property to the owner for the possession and use thereof especially: an agreed sum paid at fixed intervals by a tenant to the landlord.”

CREJ

August 2, 2019

As uncertainty looms, retail investors seek to lock more than just interest rate

We’ve entered this year’s second half, and 2020 is right around the corner. As a fresh decade approaches and we reflect on the former, two major themes stand out. First, the current economic expansion, which our industry continues to enjoy, has now lasted over a decade. Second, retail is far from dead, but it has…

CREJ

August 2, 2019

Centennial Shopping Center sells for $17.9M

A national real estate investment trust that owns and operates a portfolio of open-air shopping centers recently purchased a King Soopers-anchored center in Englewood. Brixmor paid $17.9 million for the Centennial Shopping Center at 5050 S. Federal Blvd., according to public records. Centennial S C LLC was the seller. The 113,660-square-foot center included King Soopers…

Jennifer Hayes

July 28, 2019

Central Park Plaza sells for $5.1M

A local investor added to its holdings with its acquisition of a retail center in Denver’s “dynamic” Stapleton submarket. The buyer, Park Plaza LLC, purchased the Central Park Plaza property from Central Park Plaza LLC, according to public records. The 17,844-square-foot shopping center at 5096 Central Park Blvd. in Denver sold for $5.1 million, or…

Jennifer Hayes

July 14, 2019

Longmont retail building changes hands for $12.25 million

A Longmont retail building leased to two strong credit tenants sold for $12.25 million.

Jill Jamieson-Nichols

July 7, 2019

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 Hayes

June 15, 2019
Majestic Commercenter

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.

CREJ

June 7, 2019