BrokerageRetailSelf Storage

Former Toys R Us Building in Colorado Springs to be Converted to Self-Storage

Denver-based In Self Storage Management, LLC has purchased a former Toys R Us building located at 3730 North Citadel Drive in Colorado Springs and plans to convert the site into a mini storage facility. Patrick Kerscher, a retail specialist with CBRE’s Colorado Springs office, represented the seller, Dunton Commercial of Colorado in the sale. “This …

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HealthRetail

Lowry Town Center Signs New Healthcare Tenant

Weingarten Realty announced today that OsteoStrong® is leasing 1,500 square feet at Lowry Town Center in Denver. Lowry’s Town Center is anchored by Safeway along with an exciting mix of both local and national tenants. OsteoStrong’s unique skeletal strengthening program uses their doctor created, cutting-edge Musculoskeletal Development Equipment. The program offers evidence-based, and …

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DevelopmentEventsHealthRetail

Dab Nation Opens Flagship Store in Denver

Los Angeles-based Dab Nation, a national leader in solventless hash oil tools and expertise, is celebrating the grand opening of its newest flagship store at 1209 Bruce Randolph Ave. in Denver this weekend with a two-day event. The new Denver retail location will be Dab Nation’s second store, with the original …

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DevelopmentMultifamilyRetail

Report Examines “Whole Foods Effect” on Rental Rates

Most people in real estate are familiar with the “Whole Foods Effect”—the premium added to the value of apartments that have a Whole Foods on the ground floor—but the actual numbers behind that effect may not be clear. A recent report from RCLCO Real Estate Advisors demonstrates how the effect has held up …

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HealthRetail

ULI Selects Christina Contreras as Martin Bucksbaum Senior Visiting Fellow

Christina Contreras, principal and founder of Living Ecology Studio in Denver, has been selected as the Urban Land Institute (ULI)/Martin Bucksbaum Senior Visiting Fellow for Retail. During her one-year fellowship, which started in mid-August, Contreras will explore how privately-owned and managed ‘third places’ can better contribute to individual and community …

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ConstructionDevelopmentMultifamilyRetail

Plans for Ridgegate Community Moving Forward

The RidgeGate community in Lone Tree continues to see significant forward momentum despite the many challenges faced this year due to the pandemic and economic conditions. Thanks to a growing appreciation for many of its core community foundations established as part of the master plan more than 20 years ago, …

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DevelopmentRetail

Costco to Anchor New Retail Center in Northeast Denver

Denver-based Goldberg Properties and New York City-based C.P. Bedrock LLC (owner of the Denver Connection) are proposing a 32-acre, 223,000-square-foot retail town center called Flyway, within the Gateway-Green Valley Ranch neighborhood. Costco is set to anchor the retail project, offering high quality groceries alongside general merchandise and clothing. According to the project …

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DevelopmentRetail

Target to Anchor Exchange at Boulevard One in Lowry

According to the Boulevard One project website, a small format Target is proposed to be the new anchor tenant for the Exchange at Boulevard One developmen, a five-acre mixed-used development in the heart of Denver’s revitalized Lowry neighborhood. The new store will be located on the corner of First Avenue …

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ReportsRetail

Pandemic Impacting Colorado Springs Retail Market

According to CBRE’s Colorado Springs Retail MarketView, for the first time in over 10 years, the Colorado Springs retail market posted negative net absorption. Through the first half of 2020, 282,000 square feet of negative net absorption was recorded. Direct vacancy increased to 6.1% in Q2 2020, up 107 bps from Q4 …

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BrokerageRetail

Well-Positioned Strip Mall in Westminster Sells for $1.6M

A four-tenant strip center located at 2751 West 120th Avenue, Westminster, has sold for $1,641,000. Built in 2006, the 6,173-square-foot retail center is occupied by Edward Jones, Peak Physical Therapy, and Allied Healthcare Services. According to Peter Peluso, vice president, Legend Investment Group (LIG), a division of Legend Partners, who represented the seller, …

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