BrokerageRetail

7 Buildings in RiNo Sell for $50.86M

DENVER EDENS, one of the nation’s leading retail real estate owners, operators and developers, recently announced its acquisition of nearly 120,000 square feet of retail in RiNo for $50.86 million.

According to the Denver Business Journal, the buildings sold as follows:

  • 2601 Walnut St. sold for $12,162,800.
  • 1336 27th St. sold for $11,540,620.
  • 2601 Larimer St. sold for $11,301,400.
  • 2660 Walnut St. sold for $8,845,000.
  • 2636 Walnut St. sold for $6,006,900.
  • 2631 Larimer St. sold for $1 million.
  • 2644 Walnut St. sold for unknown amount

“EDENS is proud to join the RiNo community and engage with our partners and neighbors,” said Jodie W. McLean, CEO of EDENS. “Denver is significant to our EDENS portfolio as a growing and progressive city where people are genuinely engaged with their communities. We are grateful to bring our passion to this vibrant city.”

Anchored by Denver Central Market, EDENS has acquired a total of seven buildings with key retail partners, including Il Posto, First Draft Taproom & Kitchen and Park Burger. Current tenants will remain, but Edens plans to secure new retailers in the vacant areas of the buildings.

Favored by street artists, makers and craft artisans, this retail acquisition in RiNo is the first owned and operated by EDENS in this target market.

“As a proud Denver resident, I am excited to bring our unique approach to inspiring communities through retail and creating conversation,” said Tom Kiler, managing director at EDENS. “Our goal is to do what we do best: bring a thoughtful mix of distinctive shopping, dining and experience which reflect what is already unique and special about this place.”

With a portfolio of 125 places nationally, EDENS is well-known for its design, curation and engagement approach at Preston Royal Village in Dallas, TX; Union Market District in Washington, DC; and South Bay in Boston, MA.

Photo courtesy of James Florio

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