June 06, 2018
DENVER – Transwestern’s Denver office today announces the sale of the final property in the Southlands High Visibility District portfolio, a 9,420-square-foot retail center at 24272 E. Prospect Ave. in Aurora, Colorado. Transwestern’s Brad Cohen and Larry Thiel represented the seller, BLC-II LLC, in the disposition.
“We executed a disposition strategy for the portfolio that included eight niche investment opportunities, appealing to various investment objectives,” said Thiel, Transwestern Managing Director. “This scenario allowed us to target a larger investor pool, leverage greater demand and, ultimately, achieve premium pricing for our client.”
Built in 2005, the Southlands High Visibility District features a strong line-up of 25 nationally accredited tenants and is positioned at the entrance of one of the most vibrant shopping and entertainment destinations in the Denver metro. The portfolio totals 67,805 square feet and comprises four retail units and four corporate ground leases featuring prominent national tenants including Mattress Firm, Cold Stone Creamery, Five Guys, MAD Greens, Jimmy John’s, P.F. Chang’s, Chili’s Grill & Bar, On the Border Mexican Grill & Cantina and Village Inn.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.