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JUST CLOSED - SHOPPES AT PARKER COMMONS, AURORA, CO
Paul DeCrescentis and Jarod Pate are pleased to announce the sale of Shoppes at Parker Commons. A Colorado-based investor purchased the shopping center, located at 2701 - 2787 South Parker Road in Aurora, Colorado.
The subject property consists of two commercial retail buildings totaling 32,138 square feet and is situated on 2.56 acres located at the southwest corner of South Parker Road and Yale Avenue, in Aurora, Colorado. This is a prominent retail corridor in a great location very close to a range of retail amenities and less than a mile from one of Denver's busiest park-n-ride locations, over 1,200 businesses and 1.7 million square feet of office space within walking distance of the subject. The anchor tenant in the center is H-Mart, a high-volume specialty grocery store with a regional draw. H-Mart was not included as part of the sale. The seller, a Greenwood Village-based development company, had recently made extensive investments in the property including parking, landscaping, roof and HVAC upgrades. The center was 92% leased at the time of the sale.
DePaul Real Estate Advisors represented the Seller in the transaction.
For additional information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.