{"id":1004048207,"date":"2012-10-11T06:46:57","date_gmt":"2012-10-11T14:46:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004048207"},"modified":"2022-12-09T00:52:57","modified_gmt":"2022-12-09T08:52:57","slug":"northwood-investors-buys-metro-denvers-southlands-town-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northwood-investors-buys-metro-denvers-southlands-town-center\/","title":{"rendered":"Northwood Investors Buys Metro Denver\u2019s 900 KSF Southlands Town Center"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004048230\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/northwood-investors-buys-metro-denvers-southlands-town-center\/northwood-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg\" data-orig-size=\"867,576\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Northwood\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg?w=867\" class=\"alignleft  wp-image-1004048230\" title=\"Northwood\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg\" alt=\"\" width=\"515\" height=\"342\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg 867w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg?resize=300,199 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg?resize=768,510 768w\" sizes=\"auto, (max-width: 515px) 100vw, 515px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Northwood Investors L.L.C., of New York, has acquired Southlands Town Center, a 900,000-square-foot outdoor lifestyle center\/MXD in Aurora, Colo., Northwood announced yesterday. The price was not disclosed.<\/p>\n<p>Southlands Town Center comprises 730,000 square feet of retail space and 170,000 square feet of office. More than 100 retailers and restaurants surround the center\u2019s four-block main street and community plaza, including AMC Theaters, Bed Bath &amp; Beyond, Sports Authority, Ross, Barnes &amp; Noble, Ulta, Victoria\u2019s Secret, American Eagle Outfitters, Gymboree, Old Chicago, and Ted\u2019s Montana Grill. The center first opened in 2005.<\/p>\n<p>Northwood president\/CEO John Kukral noted that this was the company\u2019s first investment in Colorado.<\/p>\n<p>Northwood Retail, a subsidiary of Northwood Investors that leases and manages the company\u2019s retail portfolio, will handle the center.<\/p>\n<p>Northwood management declined to comment further on the acquisition.<\/p>\n<p>In 2008, Alberta Development Partners sold the center to Granite Southlands Town Center for $161 million, the Denver Post reported.<\/p>\n<p>According to CoStar figures, provided to <em>Commercial Property Executive<\/em> by Jones Lang LaSalle, the Aurora retail submarket totals about 12.1 million square feet of rentable building area (little-changed over the past four years) with a vacancy rate of 8.1 percent.<\/p>\n<p>Net absorption over the past 12 months has been about 235,000 square feet. Quoted rates currently average $11.39.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northwood Investors of New York has acquired a 900,000-square-foot outdoor lifestyle center in Aurora, Colo.<\/p>\n","protected":false},"author":882,"featured_media":1004048230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21749,15],"tags":[],"class_list":["post-1004048207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-retail","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Northwood Investors Buys Metro Denver\u2019s 900 KSF Southlands Town Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/northwood-investors-buys-metro-denvers-southlands-town-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northwood Investors Buys Metro Denver\u2019s 900 KSF Southlands Town Center\" \/>\n<meta property=\"og:description\" content=\"Northwood Investors of New York has acquired a 900,000-square-foot outdoor lifestyle center in Aurora, Colo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northwood-investors-buys-metro-denvers-southlands-town-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-11T14:46:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:52:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Northwood1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"867\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Northwood Investors Buys Metro Denver\u2019s 900 KSF Southlands Town Center\",\"datePublished\":\"2012-10-11T14:46:57+00:00\",\"dateModified\":\"2022-12-09T08:52:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/\"},\"wordCount\":224,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/10\\\/Northwood1.jpg\",\"articleSection\":[\"Investment\",\"Mid-Atlantic\",\"News\",\"Retail\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northwood-investors-buys-metro-denvers-southlands-town-center\\\/\",\"name\":\"Northwood Investors Buys Metro Denver\u2019s 900 KSF Southlands Town Center - 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