"They're all good locations," Dean Insalaco, a retail broker with CB Richard Ellis tells GlobeSt.com. "They will be re-leased quickly."
And it won't be the "bottom feeders" that replaces the bankrupt company, he predicts. Rather, it will be top-tier tenants.
New tenants will almost certainly mean higher rents for property owners, he predicts. Insalaco considers the best two locations the one in Greenwood Village and the Littleton store. Lakewood is more of an infill development in an area with improving demographics, he says.
In the past, big boxes along the southwest corridor have been re-leased quickly, as they became available. However, some experts are concerned that most of the retail players already can be found along the southwest corridor, which will make it more difficult to lease the Littleton Kmart.
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