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DePaul Real Estate Advisors is proud to announce the successful refinancing of Canon Plaza, a 79,393 square foot, multi-tenant retail shopping center in Canon City, Colorado.  This single story, shopping center is 95% occupied with 9 tenants, including:  City Market (Kroger), Dollar Tree, 16^th Street Café, H&R Block, Cost Cutters, Anytime Fitness, Aaron’s, Pizza Hut and Radio Shack. The inline space with the majority of the tenants is the west building and City Market inhabits the east building.  The property was built in 1979 with City Market expanding its current location in 1993.  Canon Plaza is the only shopping center in Canon City containing a grocery store anchor.
 
The $3,500,000, non-recourse loan refinanced debt on the property.  Paul DeCrescentis, Jarod Pate and Theresa Torres represented the borrowers.  
 
The property has prominent visibility from U.S. Highway 50 with a traffic count of 18,671 vehicles per day.  This makes Canon Plaza a destination of retail customers.   Canon City, county seat of Fremont County, is located at the mouth of the Royal Gorge in the foothills of the Rockies, 100 miles from Denver, 45 miles southwest of Colorado Springs, and 35 miles west of Pueblo.  The largest employers in the area are the Federal and State correctional systems and the Centura Health-St. Thomas More Hospital facilities, which has just announced a $14 million expansion.
 
For additional information or to inquire on how DePaul Real Estate Advisors can help you with placing debt, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.

For leasing inquires, please contact Matthew Watson or Lance Eberhard at 303-333-9799.  

Matthew Watson with DePaul Real Estate Advisors represented Phenix Salon Suites with the signing of a new ten-year lease at the Jefferson Marketplace located in Littleton, Colorado across from Jefferson Corporate Center and the Ken Caryl Business Park.  Phenix Salon Suites currently has 16 Colorado locations including Arvada, Boulder, Castle Rock, Colorado Springs, Westminster, Wheat Ridge and the Denver metro area.  There is excellent office and retail synergy within this trade area along with strong demographics with over 130,950 people and over $108,903 average household income within a 3-mile radius. 

Phenix Salon Suites is changing the salon industry.  Founded by a family of salon professionals with over 85 years of salon industry experience, Phenix Salon Suites is poised to be the premier provider of salon suite concepts throughout the United States and internationally.  Phenix Salon Suites is the fastest growing “Salon Suite” concept in the United Stations.  The company has 100 new locations that will open during the next year and a half and over 300 locations are currently scheduled to be opened in the next couple years. 

For additional information, please contact Matthew Watson at 720-881-2709.
 

Lance Eberhard of DePaul Real Estate Advisors is pleased to announce the execution of a new lease with OYA, LLC (a liquid vapor store) at Plaza 115.  This is OYA, LLC’s first retail location.

The 1,385 square foot space was vacant for approximately two years prior to Matthew Watson and Lance Eberhard taking on the leasing assignment.   Lance had OYA, LLC in the vacant space within a few months of obtaining the listing. The space was formerly occupied by Metro PCS.
 
Plaza 115 is located just east of the northeast corner of Highway 115 and Cheyenne Meadows Road in Colorado Springs, Colorado.  The building contains 21,266 square feet and is shadow-anchored by King Soopers (Kroger), Denver’s prominent grocer. 

Plaza 115 offers a wide range of services to the surrounding community, including Cheyenne Meadows Liquors, Aspen Insurance Services, Subway, Little Caesar’s Pizza, Verizon Wireless, H&T Tax Services, Loaf N’ Jug Convenience Store & Gas Station, LC Nails-Spa, and Eye Candy Hair Salon.
 
For additional information, please contact Matthew Watson or Lance Eberhard at 303-333-9799. 

Matthew Watson of DePaul Real Estate Advisors is pleased to announce the execution of a new lease with C. Austin Fine Arts at the Woodlawn Center.  This is C. Austin Fine Arts’ first retail location. 

The Woodlawn Center is a retail community center conveniently located on Littleton Boulevard just east of Downtown Littleton in a well-established neighborhood of Littleton, Colorado.  Woodlawn center features over 95,000 square feet of retail shops, restaurants and office space. 
 
Historic Downtown Littleton is one of the few remaining historic shopping districts along the Front Range with a true hometown atmosphere.  Featured in 5280 Magazine as one of the Denver Area’s best 10 places to live, shop and work, Historic Downtown Littleton is easy to reach. 
 
The Woodlawn Center has excellent store frontage on the corner of Littleton Boulevard and Windemere Street.  The intersection is signalized and the property has exceptional signage.  The subject property benefits from the steady traffic created by the Arapahoe County Government Center, whose headquarters are located across the street, which employs approximately 1,300 employees.
 
Additionally, the existing southwest RTD light rail network from the Littleton/Mineral Station parallels the Union Pacific rail lines approximately ½ mile east of the subject.  Also provided access to the subject neighborhood is the Southwest Light Rail line of RTD.  This line provides access from the Littleton/Mineral Park-n-Ride facility to the Central Business District.  The current ridership of this mass transit line is already above the forecasts for 2015/2016. 
 
Please call Matthew Watson to assist you with your next retail location -  720-881-2709.