At a glance
- Gerrity Group sold the Safeway-anchored asset for roughly $319 per square foot, Connect CRE reported, citing Commercial Search for the price.
- Gerrity paid $24 million for the center in 2018.
- At 18730 E. Hampden Ave., the three-building property opened in 2001, according to Connect CRE's account.
Nuveen Real Estate has acquired Highpoint Marketplace, a 113,833-square-foot retail center in Aurora, Colo., for $36.3 million, according to Connect CRE.
Gerrity Group sold the Safeway-anchored asset for roughly $319 per square foot, Connect CRE reported, citing Commercial Search for the price.
Gerrity paid $24 million for the center in 2018. At 18730 E. Hampden Ave., the three-building property opened in 2001, according to Connect CRE's account. The $36.3 million price is $12.3 million above the 2018 basis, or about 51%, before any capital spending or transaction costs. This publication reported in September that CRE owners were broadly choosing capex over price discovery.
Reported by the Deals desk from Connect CRE, Commercial Search (cited in Connect CRE report) and PRED entity records. Published . Corrections