Villager Square, a community shopping center located at 6470–6650 W. 120th Street in Broomfield, has sold for $12.15 million.
Ryan Tomkins, vice president with SRS Capital Markets, represented the seller, a San Diego-based private investor. The buyer, a local private investor, acquired the property as part of a 1031 exchange.
The 85,131-square-foot, 9.82-acre Villager Square was 93% occupied at the close of escrow and features ARC Thrift Store as well as a mix of food service, boutique retail, and daily-needs businesses, creating steady traffic and long-term stability for the asset. Furthermore, GW Supermarket shadow anchors the center, creating favorable crossover customer traffic for the tenants, and was not a part of sale.
“This transaction highlights the continued demand for well-located retail centers in supply-constrained suburban markets,” said Tomkins. “Villager Square’s strong occupancy, established tenant mix, low rents, and position within a rapidly evolving retail corridor made it an exceptional opportunity for the buyer.”
The property is positioned at the highly trafficked intersection of 120th Avenue and Main Street, less than one mile from U.S. Highway 36, and directly across from Broomfield City Hall. Villager Square is located within a 43-acre urban renewal area, which includes a proposed mixed-use development featuring residential units, retail and commercial space, and event venues. This potential development enhances the long-term growth and demand for the area.
Villager Square also benefits from its prime location along a major retail corridor that includes King Soopers, The Home Depot, Kohl’s, Sprouts Farmers Market, Whole Foods Market, and Walmart Supercenter, among others.
This year, SRS Capital Markets has completed more than $2.2 billion in deal volume comprised of more than 650 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
