Retail Regional Sales 12 Month Rolling Report, Denver All

RETAIL REGIONAL SALES

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Cornerstar

S Parker Rd & Arapahoe Rd, Aurora, CO

Sale Date 12/13
Cap Rate 6.75
Sale Price $116,000,000
Price PSF $270
Building Size 430,167
YOC 2008
Occupancy 100%

Overview

AnchorsTarget (shadow), Sprouts, ULTA, 24 Hr Fitness
Seller/ Buyer PCCP & Alberta Development Partners/Cole Real Estate Investments

Submarket Denver Suburban, Arapahoe Road

Orchard Town Center

Interstate 25 & 144th Ave, Westminster, CO

Sale Date 12/13
Cap Rate N/A
Sale Price $123,500,000
Price PSF $201
Building Size 612,943
YOC 2008-2012
Occupancy 91%

Overview

AnchorsSuperTarget (shadow), Macy's (shadow), Lifetime Fitness (shadow), JCPenney, AMC, Ross, REI, Staples
Seller/ Buyer Forest City Enterprises/UBS & Vestar

Submarket Denver Suburban, Denver Boulder Corridor

Meadows on the Parkway

4760-4800 Baseline Rd, Boulder, CO

Sale Date 12/13
Cap Rate N/A
Sale Price $33,000,000
Price PSF $152
Building Size 216,417
YOC 1989
Occupancy 95%

Overview

AnchorsSafeway, Michaels, Rite Aid
Seller/ Buyer A&B Properties/Walton St. Capital

Submarket Denver Suburban, Denver Boulder Corridor

Golden Town Center

17121-17221 S Golden Rd, Golden, CO

Sale Date 11/13
Cap Rate N/A
Sale Price $19,015,000
Price PSF $161
Building Size 117,882
YOC 1993/2003
Occupancy 89%

Overview

AnchorsKing Soopers
Seller/ Buyer Intercontinental Real Estate Corp/Phillips Edison

Submarket Denver Suburban, West Denver

Northridge Shopping Center

7805-7975 Wadsworth Blvd, Arvada, CO

Sale Date 10/13
Cap Rate N/A
Sale Price $19,800,000
Price PSF $136
Building Size 146,000
YOC 1978-1993
Occupancy 98%

Overview

AnchorsTarget (shadow), Hobby Lobby
Seller/ Buyer Stonebridge/Kimco Realty

Submarket Denver Suburban, West Denver

Lone Tree Sam's Club

7817 Park Meadows Dr, Lone Tree, CO

Sale Date 09/13
Cap Rate 6.25
Sale Price $17,617,000
Price PSF $136
Building Size 129,715
YOC 1994
Occupancy 100%

Overview

AnchorsWal-Mart
Seller/ Buyer Wal-Mart/Kroenke Group

Submarket Denver Suburban, Southwest

*Sam's Club has 6 years remaining plus ten 5-yr options

Belleview Promenade

8000 E Belleview Ave, Denver, CO

Sale Date 08/13
Cap Rate N/A
Sale Price $36,100,000
Price PSF $365
Building Size 98,794
YOC 1999
Occupancy 91%

Overview

Seller/ Buyer DRA Advisors/L&B Realty Advisors

Submarket Denver Suburban, DTC

Sheridan Crossing

4650-1580 W 120th Ave, Westminster, CO

Sale Date 08/13
Cap Rate 6.4
Sale Price $30,000,000
Price PSF $226
Building Size 132,589
YOC 1996
Occupancy 99%

Overview

AnchorsSprouts, Staples, Big Lots, 24 Hour Fitness
Seller/ Buyer Westwood Financial Corp/Kroenke Group

Submarket Denver Suburban, Denver Boulder Corridor

Promenade Shops at Briargate

1725-1925 Briargate Pkwy, Colorado Springs, CO

Sale Date 08/13
Cap Rate N/A
Sale Price $97,250,000
Price PSF $350
Building Size 277,738
YOC 2003
Occupancy 90%

Overview

AnchorsPF Chang's, ULTA, Banana Republic
Seller/ Buyer Poag & McEwen/Miller Capital Advisory

Submarket Colorado Springs – Suburban

South Denver Marketplace

8672-8699 Park Meadows Center Dr, Lone Tree, CO

Sale Date 08/13
Cap Rate 5.75
Sale Price $69,500,000
Price PSF $266
Building Size 261,135
YOC 1996-1998
Occupancy 100%

Overview

AnchorsCostco (shadow), Best Buy, Nordstrom Rack, Marshalls, PetSmart
Seller/ Buyer Invesco Real Estate/TIAA-CREF

Submarket Denver Suburban, Meridian

Westwoods Shopping Center

15200 & 15400 W 64th Ave, Arvada, CO

Sale Date 08/13
Cap Rate N/A
Sale Price $14,900,000
Price PSF $164
Building Size 90,986
YOC 2008
Occupancy 95%

Overview

AnchorsKing Soopers
Seller/ Buyer Wilshire Capital Group/Phillips Edison

Submarket Denver Suburban, West Denver

Village at Highlands Ranch

9563 & 9567 S University Blvd, Highlands Ranch, CO

Sale Date 07/13
Cap Rate N/A
Sale Price $14,600,000
Price PSF $296
Building Size 49,286
YOC 1999-2000
Occupancy 100%

Overview

AnchorsParty City, Noodles, Vitamin Cottage
Seller/ Buyer Westwood Financial Corp. /Kimco Realty

Submarket Denver Suburban, Southwest

Flatiron Marketplace

100-299 E Flatiron Cir, Broomfield, CO

Sale Date 06/13
Cap Rate 6.3
Sale Price $25,250,000
Price PSF $100
Building Size 252,249
YOC 2001-2002
Occupancy 66%

Overview

AnchorsBest Buy, Pier 1, Tuesday Morning
Seller/ Buyer DDR/Provident Realty Advisors

Submarket Denver Suburban, Denver Boulder Corridor

Towne Center at Brookhill

6805-7025 W 88th Ave, Westminster, CO

Sale Date 06/13
Cap Rate N/A
Sale Price $14,750,000
Price PSF $175
Building Size 84,448
YOC 2004
Occupancy 85%

Overview

AnchorsRoss, Bed Bath & Beyond, Shoe Carnival
Seller/ Buyer CW Financial Services LLC /TriGate Capital, LLC

Submarket Denver Suburban, West Denver

REO sale

Monument Marketplace

15932-16218 Jackson Creek Pkwy, Monument, CO

Sale Date 03/13
Cap Rate N/A
Sale Price $23,500,000
Price PSF $248
Building Size 94,645
YOC 2004-2009
Occupancy 74%

Overview

AnchorsPetSmart, Staples
Seller/ Buyer Colorado Structures Inc./TKG Management Inc.

Submarket Colorado Springs – Suburban

Castle Pines Walgreen's

7370 Lagae Rd, Castle Pines, CO

Sale Date 01/13
Cap Rate N/A
Sale Price $7,083,000
Price PSF $481
Building Size 14,729
YOC 2008
Occupancy 100%

Overview

Seller/ Buyer Anxon Inc/Giustina Resources

Submarket Denver Suburban, Meridian

Academy Plaza

5110-5172 N Academy Blvd, Colorado Springs, CO

Sale Date 12/12
Cap Rate N/A
Sale Price $8,200,000
Price PSF $98
Building Size 83,878
YOC 1980-1982
Occupancy 87%

Overview

AnchorsSafeway, Ross
Seller/ Buyer Weingarten Realty Investors /THF Realty

Submarket Colorado Springs – Suburban

Uintah Gardens

1732-1840 W Uintah St, Colorado Springs, CO

Sale Date 12/12
Cap Rate N/A
Sale Price $23,300,000
Price PSF $112
Building Size 208,133
YOC 1974
Occupancy 100%

Overview

AnchorsKing Soopers, PETCO, Ace Hardware
Seller/ Buyer Weingarten Realty Investors /THF Realty

Submarket Colorado Springs – Suburban

Saddle Rock Marketplace

6040-6240 S Gun Club Rd, Aurora, CO

Sale Date 10/12
Cap Rate 7.7
Sale Price $9,150,000
Price PSF $139
Building Size 65,807
YOC 2003
Occupancy 65%

Overview

AnchorsAlbertson's (excluded)
Seller/ Buyer C-III Asset Management/Sperry Van Ness

Submarket Denver Suburban, Arapahoe Road

FlatIron Crossing

1 W FlatIron Cir, Broomfield, CO

Sale Date 10/12
Cap Rate 5.96
Sale Price $323,000,000
Price PSF $215
Building Size 1,502,215
YOC 2000
Occupancy 86%

Overview

AnchorsNordstrom, Macy's, Dillard's
Seller/ Buyer GI Partners/The Macerich Company

Submarket Denver Suburban, Denver Boulder Corridor

*Buyer purchased GI Partners' 75% stake to now own 100%; paid $196 million cash plus assumed $127 million of debt
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CBRE, Inc.
1225 17th Street, Suite 3200
Denver, CO 80202
 
Timothy P. Richey
Vice Chairman
tim.richey@cbre.com
303.628.7445
 
Michael T. Winn
Vice Chairman
mike.winn@cbre.com
303.628.7447
 
Chad L. Flynn
Vice President
chad.flynn@cbre.com
303.628.7467
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