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

staff photo
Adrian D. Garcia
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.

Subscribe to Denverite’s newsletter here bit.ly/DailyDenverite.

Thanks for reading another Denverite story

Looks like you’re the type of person who reads to the ends of articles! Well, true believer, you might really like our morning newsletter. It’s quick, free and gets you up to speed on the important and delightful things happening right here in Denver. Does Denverite help you feel more connected to what’s up in your area? Do you want to be a part of it?

Member donations are critical to our continued existence and growth.

Support our work

Weird times

Denverite is powered by you. In these weird times, the local vigilance, the local context, the local flavor — it’s powered through your donations. If you’d miss Denverite if it disappeared tomorrow, donate today.

Support our work

You’re our superpower

Denverite supporters have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

Here’s that page

You’re our superpower

Denverite members have made the decision to financially support local journalism that matters to you. Ready to tell your networks why? Sharing our “About” page with your own personal comments could really help us out.

Here’s that page

Tagged

cbre, commercial real estate, brooklyn boulders, Rocky Ford, Westminster