Washington Center

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer investors the opportunity to acquire the 100% fee interest in Washington Center (“The Property”), 50,445 square feet of high profile retail shops located in Northglenn, Colorado. The center is 93% leased, includes 20 tenants and is located at the top intersection along the East 120th corridor, benefiting from a strong mix of tenants, including a high performing Super Target, Safeway, Sprouts, Walgreens, and more in the immediate area. This highly trafficked retail corridor provides a consumer base of 259,000 people with all their shopping needs with a tailored mix of service tenants and restaurants. Washington Center also caters to an educated consumer base with a healthy average household income of over $108,000 and over 30% of residents having a bachelor’s degree or higher.

Washington Center is ideally positioned along E. 120th Avenue and Washington Street, which sees over 100K vehicles per day, providing excellent accessibility and visibility. The Property, built in 1972 and renovated in 2000, sees over 1.2M visits per year and has strong historical occupancy. Its varied tenant mix features unique businesses such as 5280 Reptile Room and Cheers Bar, as well as nationally recognized tenants including Smashburger, Subway, CSL Plasma, and Walgreens (NAP).

The Property represents the lowest retail rents in an active retail corridor that is under represented with in-line shop space allowing ownership to invest in the asset and increase lease rates. Washington Center’s ideal location, high visibly, and below market lease rates, offers an investor an outstanding investment.