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Denver’s Northglenn Marketplace Trades for $48M

Northglenn Marketplace, a 439,063-square-foot community center in Northglenn, CO, was acquired by Hartford, CT-based Hutensky Capital Partners III LLC for $48 million. Faris Lee Investments’ Donald MacLellan, Rick Chichester and Patrick Toomey represented the seller, HQ8-10401-10450 Melody Lane LLC.

Built in 1999 and located at 10578 Melody Dr., the center is situated on just more than 55 acres at the confluence of the 25 freeway and 104th Avenue. Faris Lee marketed the 63%-occupied property as a unique value-add redevelopment opportunity.

MacLellan says, “Faris Lee had been advising the ownership over the past several months on how best to position the asset in order to maximize the value of the center. We hired a strong boutique leasing team from Sullivan Hayes to collaborate on a strategic business plan to help potential buyers see a new revitalized vision of what the property could be, including identifying a demand for an entertainment component.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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