Main Street retail property in Breckenridge sells for $16.75M
JLL Capital Markets arranged the sale of a premier retail destination in an internationally recognized ski resort in Colorado’s Rocky Mountains
DENVER, Oct. 20, 2021 – JLL Capital Markets announced today that it has closed the $16.75 million sale of Main Street Station Breckenridge, a fully leased, 34,652-square-foot, high-street retail asset at the base of the mountain in Breckenridge, Colorado.
JLL represented the seller, MSS Breck, and Southern Oak Capital purchased the asset after a competitive bid process.
Anchored by the majestic Rocky Mountains, Breckenridge is known as a top international destination with millions of visits annually. Main Street Station is an irreplaceable shopping center located at the epicenter of the Breckenridge shopping district at the base of Peak 9, the main entry point of the world-renowned Colorado ski resort. At sale, the property was 100 percent occupied to a diverse roster of national brand name tenants and local favorites, including the newest Lululemon in Colorado, extreme sports favorite Teton Gravity Research, several local restaurants and more.
The JLL Capital Markets team representing the seller was led by Jason Schmidt and Larry Thiel.
“This sale is clear evidence of the heightened popularity of Colorado and our mountain communities,” Schmidt said. “The world has had reason to focus on lifestyle choices, and Colorado will continue to benefit by that trend.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About MSS Breck LLC
MSS Breck LLC is a Texas limited liability company managed by Brent Martin and Jack Wolfe.
About Southern Oak Capital
Southern Oak Capital, LLC ("SOC") is a privately held Registered Investment Advisor that invests across a number of asset classes including private credit, leveraged loans and high yield commercial real estate and fund of funds. More info can be found at southernoakcap.com or by reaching out to Andrew Chipman at firstname.lastname@example.org.