Western Centers completed the complete facade remodel of the Chambers Point Shopping Center in Aurora, CO. The facade remodel gets rid of many of the modern elements when the property was built in 1978, updating Chambers Point with outstanding architectural features, such as the 35 foot tower located above the anchor space occupied by Myxed Up and heightened sign band for added visibility to all tenants throughout the property.
Western Centers completed a $3,595,000 acquisition of the Bristol Pointe Shopping Center utilizing a 1031 exchange and financing provided by FirstBank. Located in Aurora, Colorado, the property is a 25,727 square foot, 7-Eleven gas station anchored multi-tenant retail center. Bristol Pointe is surrounded by parks and residential communities with a significant population growth over the last decade.
"This asset presents a good investment opportunity for Western Centers, given its tenant mix and long term tenancies." -Meryl Meranski
For more information on Bristol Pointe, visit our property page.
Western Centers renews the lease with Life By Designs Ministries, who occupies 8,900 square feet of the Chambers Point Shopping Center in Aurora, CO. Life By Designs Ministries has occupied the property since 2009.
Western Centers executes a new lease with T-Mobile on 2,415 square feet at the Cottonwood Square Shopping Center in Parker, CO. T-Mobile will have excellent visibility in the end-cap of Cottonwood Square along S. Parker Road and Cottonwood Drive.
Western Centers secured a $2,400,000 loan from FirstBank to refinance the Foothill Green Shopping Center in Littleton, CO. The Shopping Center is a great neighborhood property with many long-term tenancies. The Lucky Mutt is a recent addition, which is operated by The Little Pub Company, and will help to drive additional traffic to this established property. Western Centers took advantage of low long-term fixed rates by obtaining a 10-year fixed rate loan.
Following the new tenancies of Cosmoprof and Cookie Cutters, and the long-term Lease renewals of Ace Hardware and Carpet Mill, the 168,000 square-foot shopping center located in Thornton, CO, is now 100% occupied.
Mission Trace reaches milestone: 100 percent leased; Colorado Real Estate Journal, January 20 - February 02, 2016