DENVER-PCCP LLC; Alberta Development Partners LLC and WaltonStreet Capital LLC have closed on the $300 million recapitalizationof the Streets at SouthGlenn. Located at Arapahoe Road andUniversity Boulevard, the Streets at SouthGlenn is an open-air townsquare-style retail, entertainment, commercial and residentialproperty located in Centennial, CO.
A redevelopment of the former SouthGlenn Mall, the Streets atSouthGlenn consists of approximately 580,542 square feet of retailuse, 137,010 square feet of office and 202 apartment units.According to a prepared statement, the recapitalization providesthe new venture with significant working capital “to build upon thesuccess already achieved at the property.”
Phil Russick, principal at PCCP, tells GlobeSt.com that “ourbusiness plan is to completely lease up the Streets at SouthGlennand have a highly successful mixed-use retail, apartment, officecenter in the south Denver region.” Currently, the retail portionis 72% leased.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
