ALTO Real Estate Funds Buys Denver Retail Center
The investor bought the 207,611-square-foot Quebec Square shopping center for $42 million.
ALTO Real Estate Funds has acquired bought the 207,611-square-foot Quebec Square shopping center in Denver for $42.3 million. This is the investor’s first purchase in Denver.
Quebec Square is 91% leased to tenants including Ross Dress for Less, PetSmart, Office Depot, and Panera Bread. It is shadow anchored by Home Depot, Walmart, and Sam’s Club.
The acquisition of Quebec Square was financed with a $28 million, 7-year term loan at an attractive fixed rate from Goldman Sachs. Walker & Dunlop’s Los Angeles Capital Markets Team secured the debt on behalf of ALTO Real Estate Funds.