Regency Centers Picks Up Denver-Area Retail Center

Cushman & Wakefield arranged the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot King Soopers-anchored shopping center in Highlands Ranch, a suburb south of Denver.

Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Shea Properties, in the transaction. The property was acquired by Regency Centers.

“Shops at Highland Walk is the prototype of grocery anchored centers in Colorado,” said Hendrickson. “Every retail investor would want the center in their portfolio, but only one buyer can prevail. Shea Properties built and cared for a tremendous asset and selected the perfect steward for the Highlands Ranch community as the purchaser.”

Located at 4000 Red Cedar Drive, the property is 98% leased to 17 tenants and includes two multi-tenant inline buildings flanking King Soopers with four additional outparcel buildings on the perimeter. Other tenants include FitnessLab, Great Clips and Starbucks.