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Thompson Thrift Retail Group lands first Colorado retail site

Adams County

Property Location: Northeast corner Chambers & 104thAve, Thornton

Property Description: Vacant land

Land Size: 14.039 acres

Sales Price: $4.27M, or $6.99 psf

Reception No.: 57879 2018

Closing Date: 7/17

Grantor: 217 associates Partnership (Donald E. Lunnon, mgr.)

Grantee: TTRG Commerce, c/o Thompson Thrift Retail Group, Indianapolis, IN (c/o Paul M. Thrift, mgr.)

Financing: $5.64M payable to Prospect Bank, Paris, IL, due in 3 years

Comments: Thompson Thrift Retail Group draws first blood in Colorado with 14.039-acre site at the northwest corner of Chambers Road and East 104thAve.  It paid $6.99 per square foot.

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.