Western Centers executed a new lease with Mr. Donuts on 1,600 square feet at the Chambers Point Shopping Center. Mr. Donuts has multiple locations throughout Colorado and is a great addition to Chambers Point offering donuts, pastries, coffee and other breakfast items.
Western Centers secured a $500,000 loan from Wells Fargo Bank, N.A. to refinance the Dartmouth Court Office Building in Aurora, CO. Western Centers originally acquired Dartmouth Court for cash in 2014, but decided to take advantage of the historically low interest rates by placing some debt on the property. Dartmouth Court has been an excellent opportunity for Western Centers to increase the occupancy to 100%, creating significant value.