Cushman & Wakefield Sale of King Soopers Anchored Center

PHOENIX, June 29, 2017 – Cushman & Wakefield completed the sale of Fox Creek Village, located at 1611 Pace Street in Longmont, Colo., on behalf of a company formed by Retail Properties of America, Inc. Companies formed by The Kroenke Group and Quadrant Acquisitions purchased the property for $24.8 million.

Cushman & Wakefield Managing Director Jon Hendrickson and Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller.

Anchored by King Soopers – (NYSE:KR) – and Walgreens, Fox Creek Village is a trophy grocery and drug anchored neighborhood shopping center totaling of 107,533 square feet of retail space. The center, spanning 11.84 acres, is currently 97% occupied to a complimentary collection of national/credit tenants including Wells Fargo, Subway and Starbucks.

“Demand for core and core plus grocery anchored investments, such as Fox Creek, remains very strong nationally, specifically in the West,” said Hackett.

“King Soopers on lease is complimented by restaurant and service focused shop space, modest in-place rental rates and strong demographics in the surrounding area. To top it off, the price point allowed for maximum participation among institutional and private capital alike,” added Hendrickson.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.