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October 4, 2022
Village Center of Highlands Ranch
9559 S. University Blvd. Highlands Ranch, CO 80126
DePaul Real Estate Advisors is pleased to announce the successful refinancing of Village Center, a class “A” grocery shadow-anchored shopping center located in Highlands Ranch, Colorado. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the borrower, an out-of-state family office. Matthew Watson at DePaul also handles the leasing at Village Center, and currently maintains the property at 100% occupancy. The loan was for $7,350,000. The interest rate is 5.05% fixed for 10 years, with interest-only payments.
Village Center is comprised of 28,103 square feet occupied by 15 tenants. The property is located on South University Boulevard, a high-traffic corridor with excellent visibility and access. The shopping center benefits from the bustling grocery anchor, King Soopers, as well as many other surrounding businesses and amenities including Whole Foods, Chuze Fitness, Valor Christian High School, Highlands Ranch High School, which are all within a one-mile radius. The property features strong and stable occupancy since it was built in 1997. Currently, 100% of the center is leased. Tenants include Dependable Cleaners, PediaClinic, T-Mobile, Cornzapoppin, a dental office, Ent, Wing Stop, Dazzling Nails, Orange Theory Fitness, Kung Fu Tea, and Firehouse Subs.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity, and joint venture equity for existing and to-be-built projects. For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.