From The Real Deal · TRD Staff · · 40s
Nuveen Buys Denver Shopping Centers for $127M
Nuveen acquires four Denver-area shopping centers for $127 million, including one with a 33% discount.
In brief
Nuveen acquires four Denver-area shopping centers for $127 million, including one with a 33% discount. Nuveen purchased four Denver shopping centers for $127 million, including Aspen Grove at a 33% discount from 2016 price. Originally reported by The Real Deal.
Nuveen Acquires Denver Shopping Centers
Nuveen added four Denver-area shopping centers to its portfolio for $127 million, including Aspen Grove in Littleton.
Aspen Grove Purchase Details
Nuveen bought Aspen Grove for $55 million, a 33% discount from Gerrity's 2016 price of $82 million.
Other Denver Centers Acquired
Nuveen also bought Jefferson Marketplace in Littleton for $20.9 million and Highpoint Marketplace in Aurora for $36.3 million.
The takeaway
Nuveen purchased four Denver shopping centers for $127 million, including Aspen Grove at a 33% discount from 2016 price.
