Marketplace at Centerra

Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire a Marketplace at Centerra (the ‘Property’) - a regionally dominant Power Center located in Loveland, Colorado. The 229,344 square foot property is currently 90% occupied, featuring a strong list of top-tier retailers including REI, Ross Dress for Less, Marshall’s, Old Navy, JOANN, Noodles & Company, Chipotle and more. The Property is shadow anchored by Target, not only the 7th largest retailer in the United States, but also a market-leading grocer. The Property offers stable inplace income with upside, attractive architecture and identity, convenient access with multiple points of ingress and egress, and significant upside in the heart of the Central Loveland Trade area.

Marketplace at Centerra offers nearly 24 acres of best-in-class retail, a truly one-stop shopping experience. The balanced tenant mix includes an array of goods and services, discount soft goods merchandise, and quick-serve dining, making it a top destination for local and regional consumers. There are approximately 72,000 people within a 5-mile radius with an average household income exceeding $124,000. Additionally, the Property benefits from 89,000 average vehicles per day traveling past the Property along East Eisenhower Boulevard (US-34). The property was built in 2005 and has already generated a history of strength and tenant tenure, highlighted by 16 of 26 tenants having occupied the Property for 10+ years, or 77% of the leased SF. Eleven of these tenants have been at the Property since it was developed. The prospective purchaser has the rare opportunity to acquire an extremely well-located, Class A, anchored shopping center along the I-25 corridor, with value add opportunities.

The Property consists of four multi-tenant single story retail buildings, all in an efficient layout that maximizes parking, storefront exposure and visibility. The Property has two signalized intersections bookending the east and west sides, and a total of four primary points of ingress/egress. The Property is currently 90% occupied by 26 tenants.