The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



RETAIL NEWS
Printer-friendly Version   Email an Associate
Citivest Commercial Investments LLC and Sage Investco Join Forces in Montana Retail Buy

10/22/21

Citivest Commercial Investments LLC and Sage Investco have acquired a 117k sf, former department store building in Helena, MT. The asset also includes two pad development opportunities, with one ground lease finalized and another in negotiations.

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. It is located just a few minutes from Interstate 15 and 2.3 miles from Helena Regional Airport.

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. The renovations will include updating paint colors, landscaping, and signage to maximize the center’s value, capitalizing on the growing Helena market.

“Helena is the 6th largest city in Montana and its population has increased by 21.52% since 2010,” according to Dana Haynes, President of Citivest Commercial. “This retail center is uniquely positioned to benefit from the region’s high-paying jobs, stable employment growth, and population increases – all of which will contribute to long-term value for tenants and strong return on investment.”

Helena’s high quality of life and educated workforce has been touted nationally. Money has previously included the city among their list of the Top 100 Places to Live and a strong education system, growing technology sector, and a high share of jobs requiring a college degree contribute to the attractiveness of the area.





Return to the Archive page
 
 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media