Newly constructed shopping center in Denver sells
JLL Capital Markets closed the sale of the 8,511-square-foot The Shops on Montview in Denver, Colorado
DENVER, Nov. 17, 2022 – JLL Capital Markets announced today that it has closed The Shops on Montview, an 8,511-square-foot shopping center located within the Denver’s Central Park neighborhood.
Built in 2020, The Shops on Montview is 100-percent-occupied to four tenants, which include I Heart Mac & Cheese, Pizza Hut, Smile Studio Dental and Starbucks. The property features a WALT of nine years and long-term lease structures.
Located at 8801 E Montview Blvd, the shopping center is set on the main throughfare in the Central Park neighborhood. The property benefits from its location in Denver’s largest residential neighborhood, which is 9 square miles and has approximately 33,901 residents. Additionally, the average household income of Central Park is $206,402.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Director Jason Schmidt.
“The Shop at Montview was an opportunity to buy newly constructed, high-quality real estate. Montview has a solid tenant line up and irreplaceable location in one of the strongest neighborhoods in the metropolitan area. This asset will have a long history of performance,” said Schmidt
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 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 $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.