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, …
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 …
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 …
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 …
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, …
Mobil Gas Station Changes Hands in Greeley
A Mobil branded gas station and convenience store located at 2201 8th Ave, Greeley, has sold for $1,017,000. After generating interest from many prospective groups, the property was sold to a local buyer with plans to continue operating the business. The 2,088-square-foot station, built in 1968, is only a few blocks South of the …
81-Acre Mixed-Use Business Park Coming to Broomfield
St. John Properties, Inc. intends to invest $95 million to develop Simms Business park, a 600,000-square-foot mixed-use community on 81 acres of land in Broomfield. Construction activities for phase one are expected to commence in early 2021. Purchased from Brocade Communications Systems, LLC, the business community located at the intersection of N. Simms Street …
Portfolio of Brakes Plus Properties Sells for $6.95M
Marcus & Millichap has arranged the sale of a portfolio of three Brakes Plus properties located at 16770 East Iliff Avenue, Aurora, 9297 South Broadway, Highlands Ranch, and 24550 East Smoky Hill Road, Aurora, according to Drew Isaac, senior vice president and senior director of the Net Leased Properties Group and …
West + Main Homes Launches Retail Partnership with Conscious Living Shop
Boutique real estate concept West + Main Homes (WMH) has partnered with with locally owned eco-conscious home goods store, The Conscious Merchant. The first of its kind retail partnership came to fruition when COVID-related closures prevented The Conscious Merchant from opening their original space as planned. The brokerage firm, West + Main Homes has grown exponentially …
Shopping Center in Durango Sells for $13.35M
Durango Town Center, a 41,781-square-foot retail shopping center located at 1125, 1145, & 1185 S Camino Del Rio in Durango, has sold for $13,350,000. Ryan Bowlby and Drew Isaac, senior vice president and senior director at Marcus & Millichap, had the exclusive listing to market the property on behalf of …