Citivest Commercial acquires 116,992-SF former department store building in Helena, MT

Dana L. Haynes

 Helena, MT– Citivest Commercial Investments, LLC, a real estate developer, owner, and operator that specializes in value-add retail investments, with Sage Investco, has acquired a 116,992 former department store building in Helena, Montana.

 The asset also includes two pad development opportunities, with one ground lease finalized and another in negotiations, according to Dana Haynes, President of Citivest Commercial.   

 The building was formerly occupied by department store chain Shopko and is situated within a larger center anchored by Albertsons, Target, JoAnn, Ross, and other brand name retailers.  

 “This acquisition presented a unique value-add opportunity to expand the retail offerings within an already established, highly visible center in a growing market,” says Haynes.

“Based on our experience and knowledge of current consumer demands, Citivest Commercial plans to strategically renovate and reposition the existing building into a multi-tenant property and lease it up to three-to-four large retailers that fill a void in this market.” 

 

 CONTACTS:

 

Elisabeth Manville / Anthea Davis  

Brower Group  

949.438.6262  

andavis@brower-group.com