DENVER BUSINESS JOURNAL - Arvada Marketplace-Connection shopping center at West 52nd Avenue and Wadsworth Boulevard has sold for $54.9 million to an Illinois company.
Pine Tree Commercial Realty acquired the 367,5190-square-foot shopping center, which is anchored by Sam's Club and includes other large regional tenants such as Sports Authority, Dollar Tree and Youfit health club.
"We believe Arvada Marketplace-Connection's outstanding viability, strong regional and national tenant mix and ideal demographics make it one of the dominant retail properties in Denver's western suburbs," said Todd Zinsmaster, executive vice president of acquisitions and development for Pine Tree.
"It not only represents a significant achievement — being our 75th property — but serves to strengthen our portfolio as we continue our growth strategy to acquire high-quality, necessity-based shopping centers across the country with high barriers to entry," he added.
Read more at the Denver Business Journal: http://bit.ly/1Ifiz99
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