FORT COLLINS,CO—HFF says it has closed the sale ofFront Range Village, an 811,371-square-footmixed-use hybrid shopping center here.
HFF marketed the property on behalf of the sellers,a joint venture between Bayer Properties andinstitutional investors advised by J.P. Morgan AssetManagement. Ramco-Gershenson PropertiesTrust purchased the asset for an undisclosedamount.
Completed in 2008, Front Range Village is locatedon 67.04 acres at the intersection ofHarmony Road and Ziegler Road,which is approximately 65 miles north of Denver. The portionof the center included in this sale totals 459,780 square feet andfeatures 78,274 square feet of second-story, class Aoffice space that is fully occupied and 381,506square feet of retail that is 97% leasedto tenants including Toys 'R' Us, Babies 'R' Us, SportsAuthority, Sprouts Market, Sephora, Cost Plus World Market, DSW Shoes, Charming Charlie, Party City and UltaBeauty. The center is shadow-anchored bySuper Target and Lowe's HomeImprovement.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
