Sprouts

February 29, 2016 Comments Off on Sprouts-Anchored Center Sells for $34M Views: 283 California, California News, Colorado, National News, West

Sprouts-Anchored Center Sells for $34M

Kensington Real Estate Group, based in Tustin, CA, has sold the 144,000-square-foot Fairfield Commons in Lakewood, CO for $34.3 million. The center, anchored by a newly developed and leased Sprouts Farmer’s Market, was acquired by the Phillips Edison Group.

Kensington had acquired the center on Wadsworth Avenue for $22 million; it was 40% vacant at the time. Following a major renovation and expansion, the seller was able to add a 20,000-square-foot Planet Fitness, and more recently, the 27,000-square-foot Sprouts.

Other tenants at Fairfield Commons include T.J. Maxx, Chili’s Bar & Grill, Black-Eyed Pea, Starbucks, Rue 21, Red Wing Shoes and Citi Financial.

Read More at Kensington Real Estate Group

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.