Retail collection at the base of popular Colorado ski resort sells
JLL Capital Markets closed the sale of the 19-building boutique retail property in Frisco, Colorado
DENVER, May 2, 2022 – JLL Capital Markets announced today that it has closed the sale of Village at Copper Mountain, a collection of boutique properties totaling 101,506 square feet of prime storefronts, restaurants, breweries and office space at the base of Copper Mountain in Summit County, Colorado.
JLL marketed the property on behalf of the seller, a subsidiary of Imperium Blue. Big V Property Group acquired the asset.
Village at Copper Mountain comprises 19 buildings that are 97 percent leased to a diverse roster of tenants, including Copper Mountain Mercantile, Adaptive Action Sports, Surefoot, Camp Hale Outfitters, Kelly’s Closet, Real Estate at Copper Mountain, Alpine Bank, Starbucks, McCoy’s Mountain Market, High Rockies Whiskey and Wine Bar, The Alpine Club, Covered Bridge Grill, Vacasa and El Zacatecano. Additionally, Copper Mountain Ski Resort leases office space for Conference Services and Ski Patrol at the collection, which was constructed between 1972 and 2002.
Spanning 2.24 acres, Village at Copper Mountain is at 189 Ten Mile Circle at the base of Copper Mountain Ski Resort, which since 2017 has invested more than $100 million to expand and enhance the resort and surrounding community. Welcoming millions of visitors a year, the retail property is located in Summit County, which is a one-hour drive from the Denver MSA and hosts some of the highest peaks in the Colorado Rockies.
The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Director Jason Schmidt and Senior Managing Director and Co-Head of U.S. Retail Capital Markets Danny Finkle.
“The purchase of the Village at Copper Mountain is a rare opportunity to buy a cherished piece of the mountain landscape and to capitalize on the unmatched lifestyle we enjoy here in Colorado,” Schmidt said.
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 and sales 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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About JLL
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 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Big V Property Group
Big V Property Group (BVPG) is a vertically integrated shopping center investment management and property management company, with comprehensive services including leasing, on-site property management, construction management, finance/accounting and marketing. Utilizing state of the art technical platforms, the company has an excellent track record of providing quality property management and construction management services for over 40 years. The management team prides themselves on their attention to detail and expertise in this space and on providing a best-in-class experience for their key constituencies: tenants, shopping center owners and shopping center customers. BVPG owns and operate 48 open-air shopping centers totaling over 9 million square feet, primarily the southeastern U.S. For more information, visit bigv.com.