A well-known retail real estate investment company, Westwood Financial, today announced the purchase of The Shops at Walnut Creek, a 225,224 square foot neighbourhood centre in Denver, Colorado, which is shadow-anchored by a Super Target.
This regionally significant complex is conveniently positioned along the Denver Boulder Turnpike in Denver’s expanding Westminster submarket (US-36). This route, which connects the cities of Denver and Boulder, has a daily traffic volume of more than 94,000 vehicles. The Shops at Walnut Creek caters to a wealthy and highly educated neighbourhood. Within a mile, the average household income is over $122,000, and over the next four years, population growth is expected to increase by about 2% annually. In terms of total economic and demographic growth, Denver consistently ranks among the top 10 cities, according to Bratt.
Mark Bratt, CEO of Westwood Financial, remarked “The Shops at Walnut Creek is a terrific addition to our significant Colorado portfolio.” The complex is one of the key shopping destinations in the northwest Denver MSA thanks to a variety of high-performing national tenants. The shopping centre, which was 94 percent occupied at the time of acquisition, is home to a number of prestigious national chains, including TJ Maxx, HomeGoods, PetSmart, Michaels, Old Navy, and Dollar Tree. A large variety of eateries and service businesses are also present, including Qdoba, Buffalo Wild Wings, Massage Envy, LensCrafters, Sephora, and Lash Lounge.
In Westminster, Colorado, at 10449 Town Center Drive, is where you’ll find The Shops at Walnut Creek. The 26-acre site is located 22 minutes northwest of downtown Denver and 18 minutes south of Boulder at the crossroads of Church Ranch Boulevard and Highway 36.
About Westwood Financial
Brad Lyons of CBRE was the seller’s agent, representing InvenTrust Properties.
Over 126 top-notch shopping complexes are owned, managed, and operated by Westwood Financial in major US cities like Atlanta, Charlotte, Dallas, Denver, Jacksonville, Los Angeles, Orlando, Phoenix, and Raleigh. Leading service and experiential-based businesses and premier grocers serve as the centres’ primary anchors. Westwood Financial was founded in 1970 and has regional offices in Atlanta, Dallas, and Phoenix in addition to its Los Angeles headquarters.
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