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Nuveen Acquires 113K-SF Aurora Retail Center
Nuveen Real Estate has acquired Highpoint Marketplace, a 113,833-square-foot retail center in Aurora, Colo. Commercial Search reports that Gerrity Group sold the asset for $36.3 million or roughly $319 per square foot.
Gerrity Group paid $24 million for the Safeway-anchored center in 2018.
Located at 18730 E. Hampden Ave., the three-building property opened in 2001 on nearly 15 acres just east of South Tower Road. Highpoint Marketplace in a residential area within 9 miles of the city center and 15 miles southeast of downtown Denver.
The retail center last underwent renovations in 2007. Anchored by a 55,580-square-foot Safeway, the property also has fitness, beauty, health and dining tenants such as Wendy’s on its roster. CM Commercial Partners oversees leasing.
Gerrity owns and operates 19 properties throughout the western United States, with a focus on grocery-anchored shopping centers.
- ◦Sale/Acquisition
