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RETAIL NEWS
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Grocery-Anchored Center in Colorado Purchased for $25 Mil

7/05/17

Fox Creek Village, a 107.5k sf, grocery-anchored retail center in Longmont, CO, sold for $24.8 mil, or $231/sf. The property, located at 1611 Pace St, was purchased by by The Kroenke Group and Quadrant Acquisitions.

Anchored by King Soopers and Walgreens, Fox Creek Village is a trophy grocery- and drug-anchored neighborhood shopping center. The property, spanning 11.84 acres, is currently 97% occupied to a complementary collection of national/credit tenants including Wells Fargo, Subway and Starbucks.

Jon Hendrickson, Michael Hackett and Ryan Schubert with Cushman & Wakefield represented the seller, a company formed by Retail Properties of America Inc.






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