SVN | Denver Commercial, one of Colorado’s top-producing real estate investment brokerage firms, announced the sale of the Pueblo Crossing retail center at 5737-5843 N Elizabeth St in Pueblo. The 91,400-square-foot retail space was sold for $7.25 million.
A highly sought-after REO shopping center has been successfully sold in a competitive bidding process, demonstrating continued strong investor demand for value-add investments. The property, which received multiple offers, was ultimately acquired by a California-based investor who already owns two
additional shopping centers in Colorado.
Troy Meyer & Kevin Matthews with SVN | Denver Commercial represented the seller, 5737-5848 North Elizabeth Street Holdings LLC. The buyer, Pueblo Crossing LLC, was self-represented.
“This sale is a testament to the resilience of retail assets and the enduring interest from well-capitalized investors seeking centers with a value-add component,” said Troy Meyer. “Despite the challenges this asset has faced, there is a bright future for it and plenty of capital chasing these types of deals.”
The Meyer/Matthews team specializes in selling retail, office, and medical properties along the Front Range, and STNL assets nationwide. With more than 40 years of combined experience, they have secured numerous transactions valued at over $1 billion. The team has sold five Colorado Investment properties in the last two months.
SVN | Denver Commercial assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales, property management, corporate services, investment management, research and investment strategy, and consulting. Most recently, the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production.
