Marcus & Millichap Brokers $14.5M Shopping Center Sale in Westminster, CO

WESTMINSTER, Colo., June 28, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of Mission Commons Shopping Cente (top left photo) r, a 118,673-square foot shopping center in Westminster. The sales price of $14.5 million represents $122 per square foot.

Garrette Matlock, a senior vice president investments and a senior director of the firm’s National Retail Group in Denver, and Jon Hendrickson, a senior associate, handled the transaction.

“Mission Commons provides the new investor with a strong mix of national, regional and local tenants, while offering substantial upside potential that can be realized from leasing the 14,069 square feet of available space,” says Matlock.

The property is located at 7615-7689 West 88th Ave. and 8895 Wadsworth Blvd. on the northwest corner of West 88th Avenue and Wadsworth Boulevard in Westminster, a northwestern suburb of Denver.

Mission Commons is anchored by a Sears’s Outlet store, Bally Total Fitness and Big 5 Sports. The property includes two inline strip buildings divided into 24 tenant spaces and a freestanding Long John Silver’s on a pad. Major tenants include Americas Best, Wild Birds, Hoffbrau Colorado, Sheri’s Hallmark and Souper Salad.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716