Belleview Square

Location:
NEC of Belleview and Yosemite - Greenwood Village, CO

Description:
118,000 SF King Soopers-anchored neighborhood shopping center

Selected Tenants:
Tokyo Joe’s, Jamba Juice, Wahoo’s Fish Taco, Key Bank, Starbucks, Einstein Bros. Bagels, Jackson’s All American Sports Grill, Great Clips

Value in 2002:
$13.2 million

Value in 2004:
$18.1 million (sale price) – 6.6% capitalization rate

Highlights:
Sold to Regency Centers, a publicly traded REIT, in exchange for $14 million in Operating Partnership Units (OP Units) and an assumption of $4.1 million of Northwestern Mutual debt.

Worked with State of Colorado DPHE on Voluntary Clean-up Program of a dry cleaner ground water pollution issue (Perchlorethelyne or PCE).