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A 125K SF shopping center in Centennial sold to an out-of-state investment and management company on Thursday.
Baltimore, Maryland-based Continental Realty Corp. purchased Quebec Village Shopping Center, at 8223 S. Quebec St., from Kensington Development Partners.
CRC purchased the shopping center at a “significant discount to replacement cost,” CRC co-Chief Investment Officer Josh Dinstein said in a statement.
Quebec Village Shopping Center was built in 1988. Its tenants include Chase Bank, Starbucks, Golf Haus, Subway, Great Clips and GNC. Amazon also leases 43K SF at the center for a planned Amazon Fresh grocery store that never opened.
This is CRC’s second retail center purchase in the Denver metro. The company acquired the 266K SF Thornton Town Center for $25.5M in late 2025.
CRC has acquired about $1B worth of real estate since early 2021, the company said in a statement. The company, founded in 1960, specializes in acquiring and managing retail and multifamily properties.
CBRE represented Illinois-based Kensington Development Partners.
PEOPLE
Denver Urban Renewal Authority named a new executive director. Kenneth Ho will take over the role on Dec. 1. He has more than 25 years of experience in urban planning and real estate development and investment. Ho previously worked as chief operating officer at Fitzsimons Innovation Community.
SALES
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Chicago-based Core Acquisitions and Midloch Investment Partners purchased Lamar Station Plaza, a nearly 272K SF shopping center that's home to Casa Bonita, for about $30.3M. Cushman & Wakefield brokered the sale. Core Acquisitions and Midloch Investment Partners secured a loan for the property from Old National Bank.
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Avanti Residential bought an 88-unit apartment complex in Denver’s Cheesman Park neighborhood for $31M. Park Cheesman Apartments is an 11-story apartment tower at 1177 Race St. Avanti Residential, a Denver-based multifamily investment and management firm, financed the acquisition by assuming the property’s existing long-term loan from Nationwide Life Insurance Co.
LEASES
Chicago tax firm RSM US LLP signed a 62K SF lease at 1900 Lawrence St., a 30-story office tower that opened in 2024. The company will consolidate its two offices in downtown Denver and the Denver Tech Center and move its more than 400 employees to 1900 Lawrence next year, the Denver Business Journal reports.
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An 8K SF food hall and small business incubator opened at 2500 W. 10th Ave. in Denver’s Sun Valley neighborhood. Eats on the Platte opened with five local concepts. The food hall is operated by the Denver Housing Authority and Kitchen Network.
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Tipsy Putt is opening its first location outside of California later this year in downtown Denver. The 12,500 SF space at 1755 Blake St. will feature a nine-hole mini-golf course, a tabletop game that combines mini-golf and shuffleboard, a bar and chef-driven food. Tipsy Putt replaces bocce ball and mini-golf venue Lob, which closed in May.
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Retailer Woody Baxter opened a 436 SF store at Union Station. The brick-and-mortar shop sells brightly colored hoodies, T-shirts, hats and socks.
CONSTRUCTION AND DEVELOPMENT
Affordable senior housing development Iliff Terrace opened in Denver’s University Hills neighborhood. The four-story project, at 4750 E. Iliff Ave., includes 50 apartments for adults ages 62 and older who earn between 30% and 80% of the area median income. The project was developed by Denver-based MGL Partners, which specializes in affordable, senior, workforce and multifamily housing.
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Life Time will open its ninth Colorado location on Nov. 18 in Castle Pines. The approximately 103K SF fitness center at 7373 Canyon Forge Drive will feature indoor and outdoor pickleball courts, boutique-style fitness studios, personal training and more.
FINANCING
Development and property management company Urban Inc. secured a $24.5M loan to refinance The Heights by Marston Lake, a 220-unit apartment and townhome community in Lakewood. The 10-year Fannie Mae loan has an interest rate of 6.23%. Newmark helped Urban secure the loan.
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