Oklahoma-based convenience store chain QuikTrip Corporation recently acquired two land sites, one in the Central Park neighborhood of Denver and the other in Parker. The acquisitions kick off QuikTrip’s plan to open up to 70 stores in the Denver metro area.
Evergreen Devco, Inc., a leading retail and multifamily development company, sold a 2.43-acre retail pad to QuikTrip located at the northeast corner of 40th Avenue and Central Park Boulevard. The transaction closed concurrently with Evergreen’s land acquisition of a 16-acre co-development project with Equity Ventures and Wall Development Group, called Runway 35 South, located adjacent to The Shops at Northfield Stapleton.
“Runway 35 South is a co-development project between Evergreen, Equity Ventures Commercial Development and Wall Development Group,” said Tyler Carlson, managing principal of Evergreen. “It will be an excellent addition to the Central Park community offering a mix of retail, restaurant and hospitality uses and the property will benefit from this regional location and synergies with The Shops at Northfield Stapleton across the highway and the adjacent Enterprise Business Center.”
QuikTrip plans to start construction on the 105,796-square-foot pad as soon as they receive the required building permits.
Avison Young also negotiated the sale of 6.17 acres of vacant land located at 10653 Parker Road in Parker.
Seller, Heirborn Partners, L.L.C., an affiliate of Mountain Man Nut and Fruit Co., was represented by Avison Young Principal Rick Egitto. QuikTrip was represented by Grant Maves of SullivanHayes Brokerage.
“Rick’s guidance and expertise made this transaction an effortless and smooth experience for all parties,” said Mike Connor, Managing Partner of Heirborn Partners L.L.C. “I look forward to partnering with Avison Young again in the future.”
QuikTrip is slated to start land development later this year and anticipates opening the 4,900-square-foot store as early as 2022.
“QuikTrip is excited about our expansion into Colorado and we can’t wait to be a part of the Parker community,” said Aisha Jefferson-Smith, a spokeswoman for QuikTrip Corporation. Together with Town of Parker Planning Division, QuikTrip worked diligently throughout the pandemic on the scope and framework for this project to ensure that all requirements were met for the 6.17-acre site, including the portion planned for the store.