Continental Realty Corporation Acquires Thornton Town Center Retail Asset From Citivest Commercial Investments For $25.5M

A retail property consisting of a 266,008-square-foot neighborhood retail center known as Thornton Town Center was sold. The property is located at 9223-1001 and 1005 Grant Street in Thornton, Colorado, and was sold for $25.5 million. This 24-acre site is currently 73% leased and features tenants including Sky Zone, Starbucks, and Jersey Mike’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,500,000
• Square Footage: 266,008
• Address: 9223-1001 and 1005 Grant Street
• Market: Thornton, CO
• Buyer: Continental Realty Corporation
• Seller: Citivest Commercial Investments
• Broker: Brad Lyons - CBRE

The transaction involved Continental Realty Corporation, which plans to make property improvements, acquiring the retail center from Citivest Commercial Investments. CBRE’s Brad Lyons represented the seller in this transaction.