{"id":1004207844,"date":"2018-02-22T10:59:14","date_gmt":"2018-02-22T18:59:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207844"},"modified":"2022-12-09T01:36:07","modified_gmt":"2022-12-09T09:36:07","slug":"hanley-investment-leads-sale-of-denver-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hanley-investment-leads-sale-of-denver-retail-center\/","title":{"rendered":"Hanley Investment Leads Sale of Denver Retail Center"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004207845\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004207845\" data-attachment-id=\"1004207845\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-leads-sale-of-denver-retail-center\/safeway-anchored-shopping-center-at-13019-w-alameda-parway-lakewood-colo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png\" data-orig-size=\"800,619\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Safeway-anchored shopping center at 13019 W. Alameda Parway, Lakewood, Colo.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png?w=800\" loading=\"lazy\" class=\"wp-image-1004207845 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png\" alt=\"Safeway-anchored shopping center at 13019 W. Alameda Parway, Lakewood, Colo.\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png?resize=768,594 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207845\" class=\"wp-caption-text\">Safeway-anchored shopping center at 13019 W. Alameda Parway, Lakewood, Colo.<\/p><\/div>\n<p>A roughly 87,000-square-foot shopping center in Denver has changed hands. <a href=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-negotiates-sale-of-sacramento-school\/\">Hanley Investment Group<\/a> Real Estate Advisors\u00a0represented the seller and the buyer, Phillips Edison &amp; Co. Inc. and Midtown National Group LP, respectively. The sale price was undisclosed.<\/p>\n<p>Located at 13019 W. Alameda Parkway in Lakewood, Colo., on approximately 8.3 acres, the center is situated in\u00a0<em>\u201cthe western suburb of Denver at a signalized intersection along Alameda Parkway, a major east\/west thoroughfare connecting Interstate 25 and State Route 470 with 27,600 cars per day passing by,\u201d <\/em>said Executive Vice President Eric Wohl in prepared remarks.<\/p>\n<h2>Safeway-anchored\u00a0asset<\/h2>\n<p>Built in 1977, the grocery-anchored retail center was 99 percent occupied at the time of the sale and is anchored by Safeway, which occupies 60,028 square feet.\u00a0The tenant roster\u00a0includes 87 percent national and regional retailers, such as Safeway Fuel, The Garlic Knot Restaurant, H&amp;R Block, Perfect Teeth and Play It Again Sports. The average household income within a 3-mile radius is approximately $92,000.<\/p>\n<p>Executive Vice Presidents Eric Wohl and Kevin Fryman, together with President Ed Hanley, represented the seller in the transaction. In a recent transaction, Hanley represented a private San Francisco Bay Area family trust in the sale of a single-tenant office building in Sacramento, Calif.<\/p>\n<p><em>\u201cThe market for core, grocery-anchored centers in infill markets remains strong with interest from both the institutional buyers and private 1031 exchange,\u201d <\/em>Hanley said in a statement<em>.\u201d In 2017, we saw an increase in supply as sellers recognize that today represents an ideal time to sell. There still remain limited properties available similar to the Safeway-anchored shopping center in both size and quality.\u201d<\/em><\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The grocery-anchored retail center is 87 percent leased to national and regional tenants including Safeway, which occupies approximately 60,000 square feet. <\/p>\n","protected":false},"author":436,"featured_media":1004207845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21742,21749,15],"tags":[33902,33063],"class_list":["post-1004207844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-retail","category-west","tag-hanley-investment-group","tag-phillips-edison-company"],"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>Hanley Investment Leads Sale of Denver Retail 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\/hanley-investment-leads-sale-of-denver-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hanley Investment Leads Sale of Denver Retail Center\" \/>\n<meta property=\"og:description\" content=\"The grocery-anchored retail center is 87 percent leased to national and regional tenants including Safeway, which occupies approximately 60,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hanley-investment-leads-sale-of-denver-retail-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=\"2018-02-22T18:59:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:36:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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\\\/hanley-investment-leads-sale-of-denver-retail-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hanley-investment-leads-sale-of-denver-retail-center\\\/\"},\"author\":{\"name\":\"Adina Rogoz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1e376ba4add70694b922380ddbe946d8\"},\"headline\":\"Hanley Investment Leads Sale of Denver Retail Center\",\"datePublished\":\"2018-02-22T18:59:14+00:00\",\"dateModified\":\"2022-12-09T09:36:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hanley-investment-leads-sale-of-denver-retail-center\\\/\"},\"wordCount\":292,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hanley-investment-leads-sale-of-denver-retail-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/02\\\/Safeway-anchored-shopping-center-at-13019-W.-Alameda-Parway-Lakewood-Colo..png\",\"keywords\":[\"Hanley Investment Group\",\"Phillips Edison &amp; 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