|By Marketwired .||
|July 9, 2014 10:50 AM EDT||
WALNUT CREEK, CA -- (Marketwired) -- 07/09/14 -- Tom Engberg, CEO of Loja Real Estate, announced the acquisition of Arapahoe Marketplace, a Sprouts anchored community shopping center located in Greenwood Village, Colorado. Loja Real Estate purchased the property from a private investor for approximately $46.2 million. The transaction closed on July 3, 2014.
Arapahoe Marketplace consists of approximately 192,000 square feet on 17 acres and includes 33 tenant spaces; the center is currently 82.4% occupied. The property is located at the intersection of Arapahoe Road and Yosemite Street adjacent to Interstate 25 in Greenwood Village, a suburb southeast of Denver.
"We are very pleased to add Arapahoe Marketplace to the Loja portfolio. The acquisition fits our core-plus acquisition criteria and represents the ability to own a well located, successful shopping center with the ability to grow NOI in the short term through our lease-up and remerchandising strategies," stated Scott Kyman, Vice President of Acquisitions.
In addition to its core-plus acquisition initiative, Loja is pursuing quality single-tenant grocer acquisitions throughout the United States. Loja currently has in excess of $100 million of additional properties under contract or in its active pipeline.
Loja Group LLC is a real estate investment management firm with $200 million in assets under management. Through Loja Real Estate, LLC, a wholly-owned subsidiary, Loja acquires and manages commercial real estate assets throughout the United States. Additional information about Loja may be found at www.lojagroup.com.
Vice President, Acquisitions
Office: 925-935-4405, ext. 6
Jun. 1, 2016 03:15 AM EDT Reads: 3,351
Jun. 1, 2016 03:00 AM EDT Reads: 966
Jun. 1, 2016 02:45 AM EDT Reads: 1,023
Jun. 1, 2016 01:30 AM EDT Reads: 2,054
Jun. 1, 2016 12:30 AM EDT Reads: 2,855
Jun. 1, 2016 12:00 AM EDT Reads: 1,946
Jun. 1, 2016 12:00 AM EDT Reads: 2,535
Jun. 1, 2016 12:00 AM EDT Reads: 1,258
May. 31, 2016 11:30 PM EDT Reads: 954
May. 31, 2016 11:15 PM EDT Reads: 1,065
May. 31, 2016 11:15 PM EDT Reads: 2,268
May. 31, 2016 11:00 PM EDT Reads: 3,363
May. 31, 2016 10:45 PM EDT Reads: 3,306
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 31, 2016 10:00 PM EDT Reads: 2,778
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
May. 31, 2016 10:00 PM EDT Reads: 1,875