realestate

Littleton Retail Center Sells for $17.9 Million

The area at South Wadsworth Boulevard and West Belleview Avenue features retailers including Whole Foods, Sprouts, Total Wine & More, and Lowe's.

M
arston Park Plaza, a 90,200-square-foot retail center in Littleton, has been sold to Ziff Real Estate Partners for $17.9 million. JLL represented both the seller, Miller United Real Estate, and the buyer, based in Charleston, S.C., in securing a five-year loan through a life company correspondent lender.

    The shopping center at 5066 South Wadsworth Way sees nearly 74,000 vehicles daily and is 88% leased to 18 tenants with an average lease of 4.9 years. The area boasts high-end retailers like Whole Foods, Sprouts, Total Wine & More, and Lowe's, with a strong demographic profile: $116,000 average household income within three miles and a population of approximately 266,000 within five miles.

    "Marston Park Plaza offered an exceptional investment opportunity in Denver's most stable retail corridor," said Rob Bova, director of JLL's capital markets debt advisory team. The sale drew competitive offers from across the country, highlighting investor appetite for retail properties with stable cash flow and growth potential in Colorado's dynamic market.

    JLL's teams led by Eric Tupler, Jason Schmidt, and Austin Snedden advised on the transaction, which underscores the firm's expertise in capital markets debt advisory and investment sales.

Littleton retail center sold for $17.9 million in Colorado real estate deal.