Colorado Real Estate Journal - Investor Buys Multitenant Shopping Center in Westminster

WESTMINSTER – A shopping center in Westminster traded hands.

Willow Run, the 91,565-square-foot shopping center at 12900-12910 Zuni St., recently sold for $10.9 million, or nearly $120 per sf. CentrePoint Properties acquired the asset from Willow Run Investors LLC, an entity operated by Gart Properties, which owned the center since 2013. Cushman & Wakefield’s Jon Hendrickson, Aaron Johnson and Mitch Veremeychik brokered the off market transaction.

Located at the hard corner of Zuni Street and West 128th Avenue, Willow Run is home to a mix of tenants, including Frolic Brewing Co. and Big Liquor Warehouse, at the two end cap spaces.

The property features ample parking and is proximal to Interstate 25.

“Willow Run Shopping Center is a quality neighborhood asset located at a fundamentally sound intersection. The center is surrounded by residential housing, adjacent to Big Dry Creek Park, and has supporting demographics to suggest the future is bright,” said Hendrickson.

“The local businesses within the property focus on the consumer within the surrounding community, and those businesses have been met with reciprocal support throughout the last few years.”

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