Last Southlands Asset Sells For $2.46M
The last property in the Southlands High Visibility District portfolio has sold.
Baljeet Kaur Dhanoa paid $2.46M for a 9,420 SF retail center at 2472 East Prospect Ave. in Aurora. The entire portfolio, which has a total of 67,805 SF, traded for $27.27M.
“We executed a disposition strategy for the portfolio that included eight niche investment opportunities appealing to various investment objectives,” said Transwestern Managing Director Larry Thiel, who, with Brad Cohen, represented seller BLC-II LLC. “This scenario allowed us to target a larger investor pool, leverage greater demand and, ultimately, achieve premium pricing for our client.”
Built in 2005, the Southlands High Visibility District has a lineup of 25 nationally accredited tenants, including Mattress Firm, Cold Stone Creamery, Five Guys, MAD Greens, Jimmy John's, P.F. Chang’s, Chili’s Grill & Bar, On the Border Mexican Grill & Cantina and Village Inn.
