Dunton Commercial Acquires Thornton Value Add Retail
THORNTON — Dunton Commercial, a commercial real estate company oﬀering Property Management, Accounting, and Advisory Services, has acquired a 112,808-square-foot, value-add retail center in Thornton, known as Huron Plaza. The acquisition of Huron Plaza is the first for Dunton under its new ownership group.
“The principals of Dunton each have significant investment experience, but this is especially exciting since it is our first acquisition as Dunton Commercial,” said Taylor Fenn. “In addition to a strategic partnership with Westside Investment Partners, our investors on this acquisition include clients of our third-party property management business, a testament to our quality of service on the property management side.”
Huron Plaza is located .5 mile west of I-25 on 84th Ave and Huron Street. The property, anchored by a Save-a-Lot grocery store, was 63 percent occupied at acquisition.
“This was an off market acquisition that was referred to us by Matthew Henrichs of the CBRE national retail investment group. It fits very well with our investment strategy. There is significant upside, and a great mix of in-place tenants. The opportunity to acquire infill, quality, value-add retail in Denver is hard to come by,” said Nate Melchior, Dunton’s director of Investments.
Dunton Commercial is seeking additional value-add investment opportunities in Colorado. In addition to the acquisition of Huron Plaza, Dunton manages 3 million square feet of commercial properties from Colorado Springs to Longmont.
Photo courtesy of Dunton Commercial