Cabela's buys land for Lone Tree store | Denver Real Estate Blogger

Dennis Huspeni
Reporter- Denver Business Journal

Email
?|?Facebook
?|?Twitter
?|?Real Deals blog

We?ve known for months that outdoor lifestyle retailer Cabela?s was planning a Lone Tree store. Now we know exactly where.

Sidney, Neb.-based Cabela?s (NYSE: CAB) bought a 10.68-acre plot of land on the southwest corner of Interstate 25 and Ridgegate Parkway for $3.72 million. The purchase was first reported Thursday by Xceligent Inc.

It will be the national chain?s second store in the Denver area. The other store will be in Thornton, on the southeast corner of 144th Avenue and Interstate 25. Dirt recently started moving at that site and an official ground-breaking ceremony is tentatively scheduled for Oct. 31.

City of Lone Tree officials told Xceligent, a commercial real estate information services company, that the store submitted plans in March calling for a 105,000-square-foot store.

Southlands Town Center sells for $102.5M

Though the deal is several weeks old, the sales price recently came to light.

New York, N.Y.-based Northwood Investors LLC bought the Southlands Town Center, 6155 S. Main St., Aurora, near E-470 and East Smoky Hill Road. The sales price was $102.5 million, according to industry sources. The seller was BlackRock, a New York-based REIT.

It was the private investment firm?s first purchase in Colorado.

Northwood Retail, a subsidiary of Northwood Investors, will lease and manage the 900,000-square-foot Southlands Town Center, which has AMC Theaters, Sports Authority and Bed Bath Beyond among its anchors.

Financing lined up for new Denver apartments

Stop me if you?ve heard this before: there are new apartments coming to metro Denver.

Stoneleigh Cos. LLC and U.S. Bank Commercial Real Estate closed on the construction loan for a 298-unit apartment project called M2 Apartments on Balsam Way in Denver.

Dennis Huspeni covers real estate and retail for the Denver Business Journal and writes for the ?Real Deals? blog. Phone: 303-803-9232.

Follow Your Favorites with My News

My News is a way to create a customized news feed based on companies and industries that matter to you.

Article source: http://www.bizjournals.com/denver/blog/real_deals/2012/10/cabelas-buys-land-for-lone-tree-store.html

Loren is a long-time Denver real estate investor. He has bought, remodeled and sold homes throughout the Denver metro area. Loren has also invested in commercial real estate. He is an entreprenuer who has owned multiple businesses and is now a licensed real estate agent with Keller Williams Advantage Realty.

Source: http://denverrealestateblogger.com/1560/cabelas-buys-land-for-lone-tree-store/

virginia beach jet crash ridiculously photogenic guy amanda bynes dui ghost ship tiger woods masters jet crash virginia beach petrino