Income property |
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| Commercial |
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| Commercial |
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| Colorado |
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The Guitar Center - SOLD APRIL 2005*
8601 Sheridan Boulevard
Westminster, Colorado |
| Major tenants: The Guitar Center, Harbor Freight |
| Building size: 69,370 Square Feet |
| Site size: N/A |
| Acquired: May 2000 |
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The property is adjacent to a 74,000 square foot shopping center anchored by Office Max as well as smaller in-line tenants. These centers, along with the adjacent Westminster Mall, a 1.24 million square foot regional mall, draw large amounts of retail traffic to the area, making this area one of the major retail hubs along the Highway 36 corridor.
*Southwestern still manages this property. |
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Gordman's
14400 E. Alameda Avenue
Aurora, Colorado |
| Anchor: Gordman’s (single tenant building) |
| Building size: 55,800 Square Feet |
| Site size: 4.46 Acres |
| Acquired: September 1999 |
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The property is located in the City Center District of Aurora. The City of Aurora has designated 722 acres of land as the City Center District for its civic, social and business center development. The district is anchored by the Aurora Mall (immediately southwest of the subject), a Simons REIT owned regional mall anchored by Foley’s, Sears, JC Penney’s and soon to be added Dillard’s. Simons completed a $100 million renovation in 2005 which added an additional 200,000 sf to the mall. |
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K-Mart Plaza Shopping Center - SOLD JANUARY 2008
2505 S. College Avenue
Fort Collins, Colorado |
| Anchor: K-Mart |
| Major tenants: Radio Shack, Advantage Rent-A-Car |
| Building size: 118,336 Square Feet |
| Site size: 11.43 Acres |
| Pad sites: Shell Gas |
| Acquired: February 1996 |
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The subject is located at the northwest corner of College Avenue and Drake Street, which has the second highest traffic count of all intersections in Fort Collins. Traffic count exceeds 72,200 cars per day. College Avenue is the dominant retail corridor in Fort Collins, a city of approximately 150,000. Established residential neighborhoods surround the site. Adjacent to the property is the recently renovated power center anchored by Whole Foods and King Soopers. |
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Town & Country Plaza
2839 S. College Avenue
Fort Collins, Colorado |
| Anchor: JoAnn Fabrics and Crafts |
| Major tenants: N/A |
| Building size: N/A |
| Site size: 1.4743 Acres |
| Pad sites: N/A |
| Acquired: February 2007 |
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The property is located on College Avenue, just south of Drake Street, which has the second highest traffic count of all intersections in Fort Collins. College Avenue is the dominant retail corridor in Fort Collins, with a traffic count exceeding 72,200 cars per day. The site is in close proximity to a recently renovated power center anchored by Whole Foods and King Soopers, as well as the Foothills Fashion Mall just to the south on Horsetooth Road.
Acquisition is a value-added opportunity consisting of a single retail building with six in-line tenants and one anchor totaling 25,210 sf of gross leasable area.
The building is 100% occupied with 7 retail tenants with the anchor tenant being
JoAnn Fabrics which occupies 65% of the building. |
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Meadows Plaza
7466 South Simms Street
Littleton, Colorado |
| Major in-line tenants: Vitamin Cottage, Einstein Bagels, Blockbuster |
| Major outparcel tenants: Diamond Shamrock, Wendy’s, Taco Bell/Pizza Hut |
| Building size: 40,210 (in-line) plus 4 outparcels |
| Site size: 8.16 Acres or 355,450 Square Feet |
| Pad sites: N/A |
| Acquired: July 2008 |
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Located at the northeast corner of Ken Caryl Avenue and Simms Street in Littleton Colorado, Meadows Plaza is a 90% occupied retail center in southwest Denver. The site is adjacent to a 100% occupied King Sooper’s shopping center and in close proximity to a 100% occupied Safeway center. With excellent submarket demographics and an extremely tight retail leasing environment in the micro market, this asset is positioned to enjoy immediate cash flow and future rent increases as the area population increases. |
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| Texas |
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Kirkwood Shopping Center
11890 Westheimer Boulevard
Houston, Texas |
| Anchor: Sports Authority |
| Major tenants: Spec’s Liquors, Half Price Books |
| Building size: 80,337 Square Feet |
| Site size: 8.46 Acres |
| Pad sites: Jack-in-the-Box (property not owned by Southwestern Investment Group) |
| Acquired: June 2000; Remodeled 2001-2002 |
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The property is located at the northwest corner of Kirkwood Drive and Westheimer Road. It is situated roughly 3 miles south of Interstate 10 and 2 miles west of Sam Houston Tollway (Beltway 8). The subject is located at a thriving intersection, due to development of the Royal Oaks subdivision. HEB opened a new signature grocery store and many big box users, restaurants and in-line tenants have followed. Walmart, Lowes, and Kohls are some of the major anchors that have transformed Kirkwood to a regional retail center. |
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Clear Lake Shopping Center
1000 Bay Area Boulevard
Clear Lake, Texas |
| Anchor: HEB Grocer |
| Major tenants: Blockbuster, Quiznos, GNC |
| Building size: 58,297 Square Feet |
| Site size: 5.68 Acres |
| Acquired: August 2004 |
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The property is located at the southeast corner of Bay Area Boulevard and El Camino Real. The location is approximately 20 miles southeast of the Houston Central Business District. Clear Lake is located midway between Houston and Galveston, and with over 200,000 residents, the city has a highly diversified, balanced economic structure. |
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Cypresswood Shopping Center
10010 Cypresswood Drive
Houston, Texas |
| Anchor: Kroger |
| Major tenants: Great Clips, M&R Liquor |
| Building size: 35,230 Square Feet |
| Site size: 6.16 Acres |
| Pad sites: Burger King, Willies |
| Acquired: November 2005 |
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This center is located on the northeast corner of Highway 249 and Cypresswood Drive with easy access from each road. Visibility from Highway 249 is excellent. The property is located in a high-traffic and busy retail area with good potential for growth. |
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Dickinson Village
Gulf Freeway and FM 517
Dickinson, Texas |
| Anchor: Kroger |
| Major tenants: H&R Block, Rent-A-Center, Sherwin Williams |
| Building size: 87,631 Square Feet |
| Site size: 7.11 Acres |
| Pad sites: A&S Datacash |
| Acquired: March 2006 |
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Dickinson Village is located at the northwest corner of the I-45 South (Gulf Freeway) and FM 517 intersection with good access and visibility form both the freeway and FM 517. The city is approximately 27 miles southeast of the Houston Central Business District. Dickinson The center is central to a large residential base of established neighborhoods in Dickinson. |
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Northwest Village
17360-17532 Northwest Freeway
Houston, Texas |
| Anchor: Harbor Freight |
| Major tenants: Spec's Liquor, Prudential Realtors, Dollar General |
| Building size: 46,717 Square Feet |
| Site size: 17.29 Acres |
| Pad sites: Pizza Hut, Monterey House, What-A-Burger |
| Acquired: June 2000; Remodeled: 2001 |
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The property is located at the northeast corner of Jones Road and US Highway 290 (Northwest Freeway). The location is approximately 20 miles northwest of the Houston Central Business District. The subject is located at a high-traffic intersection in a northwest suburb of Houston. The project serves as a trade area characterized by high population density and high household incomes. |
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Coles Crossing Shopping Center - SOLD APRIL 2005*
12312 Barker Cypress Road
Cypress, Texas |
| Anchor: Randall's |
| Major tenants: Hallmark, Baskin Robbins, Quiznos |
| Building size: 109,556 Square Feet |
| Site size: 5.41 Acres |
| Acquired: December 2003 |
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The property is located on the northeast corner of Northwest Freeway and Barker Cypress Road. The subject neighborhood is located in the northwestern quadrant of the Houston metropolitan area. The subject is located in northwest Harris County, about 20 miles northwest of the Houston Central Business District. The immediate area surrounding the subject is a newer area of development that is continuing to see new growth.
*Southwestern still manages this property. |
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| Wyoming |
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Dell Range Marketplace - SOLD JULY 2005*
3702 Dell Range Boulevard.
Cheyenne, Wyoming |
| Anchor: King Soopers |
| Major tenants: Starbucks, Hallmark, H&R Block, Great Clips |
| Building size: 87,000 Square Feet |
| Site size: 10.73 Acres |
| Pad sites: McDonald’s, Pinnacle Bank |
| Acquired: September 2002 |
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The center is located in northeast Cheyenne on the northeast corner of Dell Range Boulevard and Ridge Road in Cheyenne. Cheyenne is approximately 35 minutes north of Fort Collins, Colorado. The property is located one mile east of Cheyenne’s only enclosed mall (Frontier Mall). Physical barriers to development are pushing Cheyenne’s growth to the northeast. The subject property is ideally located to take advantage of Cheyenne’s new growth.
*Southwestern still retains 3rd party management of this property. |
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| Kansas |
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Whole Foods
Overland Park, Kansas |
| Anchor: Whole Foods |
| Major tenants: Whole Foods |
| GLA: 74,059 |
| Pad sites: 3 pads occupied by Cinzetti’s Restaurant, Metcalf Discount Liquor and Masala’s Indian Diner |
| Acquired: March 2007 |
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