Colorado investor drops $13 million for ice cream shop, DMV and other Westminster buildings

staff photo
Summit Square shopping center in Westminster (Courtesy of CBRE)

Summit Square shopping center in Westminster (Courtesy of CBRE)

An unidentified Colorado investor recently doled out $13 million for the Summit Square shopping center in Westminster.

The center includes five buildings near the northeast corner of Federal Boulevard and West 84th Avenue. The Denver-based investor paid the largest amount for a non-grocery anchored shopping center so far this year in metro Denver, according to the real estate firm CBRE.

CBRE represented the seller, Arizona-based AZG Summit Square LLC, in the transaction. Summit Square II LLC was the buyer.

Summit Square II has an opportunity to add to the shopping center by developing a vacant pad site on the 94,244-square-foot property. The center already includes Big Time Trampoline, Inspire Fitness, Adams County DMV, H&R Block, Blackjack Pizza, Grease Monkey and Baskin Robbins.

Business & data reporter Adrian D. Garcia can be reached via email at agarcia@denverite.com or twitter.com/adriandgarcia.

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