Transwestern Brokers Sale of Three Retail Properties Valued at $11 Million
Denver, CO – On Thursday, Transwestern’s Denver office announced the sale of three properties with a total value of $11.19 million. The transactions are as follows:
Signature Cos. sold Southglenn Square in Centennial, Colo. to Alberta Development Partners. Constructed in 1984, the 58,304 square foot property has retained several historic tenants and the buyer believes that will attract complementary tenants moving forward.
Capital Hill Investments acquired Indiana Marketplace, a 14,738 square foot, fully occupied neighborhood center in Arvada, Colo. It was sold by Sabal Financial Group in a 1031 exchange.
A family trust in California acquired a McDonald’s ground lease on 1.74 acres at Indiana Marketplace in Arvada. This transaction was also a 1031 exchange with Sabal Financial Group.
Photo courtesy of Transwestern