July 23, 2018
DENVER – Transwestern today announces it provided disposition services for Transmark Co. in the sale of Broadridge Shopping Center at 6905 S. Broadway in Littleton, Colorado. The
75,831-square-foot shopping center was acquired by Fort Lauderdale-based SunCap Opportunity Fund LLC for $10.85 million. Managing Directors Brad Cohen and Larry Thiel of Transwestern’s Denver Capital Markets Group brokered the transaction on behalf of the seller.
Broadridge Shopping Center is 89 percent leased to 18 tenants and anchored by YouFit Health Club and Mountain High Appliance. The center features a newly built Andy’s Frozen Custard at the intersection of South Broadway and Ridge Road.
“Broadridge Shopping Center appealed to several investors seeking the stability of long-term leases, excellent demographics and the opportunity to develop on the site,” said Thiel. “After testing the market on two previous occasions, Transmark perfected the tenant mix, completed its capital plan and entrusted the Transwestern team to find the right buyer.”
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.