Thornton, CO. - April 26, 2022 - Faris Lee Investments, a leading national investment sales firm has completed the $14.375 million sale of Thornton Town Center a 265,181 SF shadow anchored Walmart / Home Depot center located at the southeast corner of I 25 Freeway & E 104th St in Thornton CO.
Don MacLellan, Managing Principal at Faris Lee Investments, represented the seller a southern California-based private investor, and procured a buyer, a value add investor from southern California.
Thornton Town Center is located along the Interstate 25- the main north south corridor in Denver at the SEC of E 104th St – major east west thoroughfare and Interstate 25.
“Thornton Town Center presented a unique opportunity to acquire a value add opportunity in an infill area of greater Denver trade area positioned between high consumer traffic retailers - Walmart & Home Depot,” says Don MacLellan. “We were instrumental in assisting the buyer in their leasing strategy as well helping to structure the ideal debt structure for the business plan moving forward.”
Faris Lee Investments targeted value add investors, looking to invest in a dynamic trade area of Thornton CO, and highlighted the quality of the real estate, its location, and the strong potential tenant demand with the excellent freeway visibility.
The team was able to overcome multiple issues during escrow while closing despite the tremendous challenges in the capital markets with a largely vacant center.
About Faris Lee Investments:
Faris Lee Investments is one of the leading retail investments firms in the US and is one of the original firms specializing in retail investment sales throughout the country. Faris Lee combines underwriting and market research that exceeds industry standards with a custom strategy to maximize values for their clients’ .The firm also serves as high level investment advisors in the areas of dispositions, acquisitions & recapitalizations as well as, distressed asset disposition, portfolio sales, and corporate sale-leaseback. For more information, visit www.farislee.com
Media Coverage: https://shoppingcenterbusiness.com/faris-lee-brokers-14-4m-sale-of-thornton-town-center-in-metro-denver/
https://traded.co/deals/colorado/retail/sale/e-104th-ave-tho/