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| Willow Creek Shopping Center, Centennial, CO |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $11 million sale of Willow Creek Shopping Center, a
163,412-square-foot, value-add retail center in the Denver suburb of
Centennial, Colorado.
HFF marketed the property
on behalf of the seller, and procured the buyer, an entity controlled by
Miami-based Jewell Capital, LLC.
Willow Creek Shopping
Center comprises three buildings and four freestanding pad sites, two of which
were not included in the sale.
Originally completed in 1984 as a
grocery-anchored center, the property was most recently renovated in 2005 and
is home to a variety of tenants, including Vasa Fitness, Willow Creek Wine
& Spirit, The UPS Store, Level 4 Yoga, Arc Thrift and Busy Little
Hands.
Willow Creek Shopping
Center is situated on 21.4 acres at 8100, 8150, 8220, 8210, 8220 and 8260 South
Quebec Street at the northeast corner of Quebec Street and County Line Road,
which has a traffic count of more than 75,000 vehicles per day. More than 105,900 residents earning an
average annual household income of approximately $127,084 live within three
miles of the center.
The HFF investment sales
team was led by managing director Jules
Sherwood.
“The buyer saw great
long-term potential in this cash-flowing value-add asset,” Sherwood said. “Its irreplaceable location at County Line
and Quebec is a great fit for the investor’s long-term strategy.”
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza, Suite
700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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