DENVER, CO – January 09, 2015 – (RealEstateRama) — Lee & Associates is pleased to announce the sale of Quebec Square and Quebec 36 for $52,250,000. The 207,561 SF community retail shopping centers are located at 36th Ave. and Quebec St. in Denver, Colorado.
Jan Fincham and Patrick Dempsey, Principals of the Phoenix Lee & Associates offi ce, facilitated the transaction along with Daniel Miller, Senior Vice President of SullivanHayes Brokerage in Denver. The buyer is an affi liate of Inland American RE Trust of Chicago. The seller was a private equity trust.
Quebec Square and Quebec 36 are home to PetSmart, Ross, Big Five Sports, Party City, Offi ce Depot, Smashburger and other national and regional tenants and also is shadow anchored by Home Depot, Wal-Mart and Sam’s Club.
“This transaction represents an opportunity for Inland American to make a strategic investment in the Denver marketplace,” says Fincham. Lee & Associates opened a new offi ce in Denver this past October led by Managing Principal and one of the founders, John Bitzer. The Denver offi ce will provide brokerage services for the Denver metropolitan area and all of Colorado.
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