DENVER CA-The 138,334-square-foot Mission Commons ShoppingCenter in nearby Westminster has sold for $14.5 million, accordingto brokers from the local office of Marcus & Millichap whonegotiated the sale. The center, at the at northwest corner of West88th and Wadsworth Boulevard, a six-lane highway, is 89% occupiedby a mix of national and local retailers, including anchors SearsOutlet, Big 5 Sporting Goods and Bally Total Fitness.

The property, which was built between 1983 and 2006, was listedby senior vice president Garrette L. Matlock, senior director ofthe Marcus & Millichap National Retail Group, along with Jon D.Hendrickson, senior associate and member of the national retailgroup. The property attracted multiple offers, primarily fromprivate investment groups.

The buyer, a locally based private investment group, acquiredthe center from a Colorado-based private investment group andassumed a $12 million loan in the mid-5% interest range with fouryears remaining before maturity. The sale included a $150,000credit to the buyer toward maintenance.