A California investment firm is dropping a whopping $33.2 million for the new retail center at The Landmark in Greenwood Village.
The sale of the 170,000-square-foot retail center near the Denver Tech Center was announced Wednesday by East West Partners. The Denver-based developer took over as manager of the property in 2013 and announced earlier this year that it sold the final two units of the 271-unit condo project earlier this year.
Despite the sale, management is not expected to change for the retail center that houses The Landmark Theatre, Hapa Sushi, Comedy Works, Early Bird Restaurant, The Palate Food + Wine Bar and other restaurants, retailers and entertainment venues.
"Sperry Equities has plans for additional investment that will continue to build on the substantial investments made under East West Partners’ watch in the last three and a half years. Currently, several new leases are being negotiated, indicating more new tenants to come," East West Partners said in a news release.
About 27 percent of the Landmark's retail space is still available, according to its website.
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Business & data reporter Adrian D. Garcia can be reached via email at [email protected] or @adriandgarcia on Twitter.
