skip to main content
Investor Portal
Northglenn Marketplace

This 76,000 SF retail building in Denver, Colorado is part of the 650,000 SF Northglenn Marketplace Shopping Center power center, built in 1986 and renovated in 2007. The densely populated and mature trade area provides a consistent and stable environment for retailers and is 100 percent leased. It was acquired out of foreclosure in Q2 of 2011 at a substantial discount to replacement cost. Northglenn Marketplace was sold from Fund I to Fund II in Q1 of 2017. The business plan includes lease up, roof replacement, and eventual divestiture, after the balance of the center has completed significant improvements and re-positioning over the period from 2018-2020.

Location

Northglenn Marketplace

Denver, CO

Retail | Unrealized

Asset Summary

Acquisition Date:
Q2 2011
Size:
76,087 SQ FT
Property Type:
Retail
Deal Profile:
Fund I & II, Acquisition
Investment Profile:
Vale-Add
Deal Source:
On Market