They bought the Marketplace from Carlsbad, CA-based GMS RealtyLLC, which bought it about two years ago for about $43 million. Thecenter is anchored by Sam's Club, Kmart, Albertsons and Office Max.It also is next to the former Gates Rubber plant that is on tap tobe redeveloped into a $1.5-billion transit-oriented developmentwith retail, offices, housing, entertainment and a hotel.

Cohen and Frank purchased the Collection, a 260,000-sf property,earlier this year for $21 million, and bought the 235,000-sf DesignCenter building in 1996. Both the Collection and the Design Centerare to the north of Broadway Marketplace.

"It made sense to bring this final parcel into our portfolio andhave common ownership over this important emerging area," saysWarren Cohen, president of his namesake company. "It's a positivemove for the property and we believe for Denver to have this underlocal ownership."