Marcus & Millichap Arranges $13M Sale of Colorado Retail Center
First Vice President Ryan Bowlby and Senior Vice President Drew Isaac represented the seller, while Brian Haggar assisted the buyer.
Durango Town Center. Image courtesy of Marcus & Millichap
Marcus & Millichap has brokered the $13.4 million sale of Durango Town Center, a 41,781-square-foot retail property in Durango, Colo. First Vice President Brian Haggar assisted the buyer, a private local investor. The brokerage company also secured acquisition financing.
First Vice President Ryan Bowlby and Senior Vice President Drew Isaac represented the seller, a private partnership led by DMS Real Estate. In January, the two brokers also arranged the sale of a 116,305-square-foot retail property in Pueblo, Colo.
Located at 1125, 1145 and 1185 S. Camino Del Rio, Durango Town Center is 3 miles from downtown Durango. DMS Real Estate acquired the shopping center in 2014, as part of a repositioning and releasing plan. The tenant roster includes T-Mobile, Yarn Threads and More, Comfort Dental, Luxury Nail Spa, Subway, Cricket, AT&T, The Mattress Outlet, MK Occassions and Skytalk, among others. The property is shadow-anchored by a Walmart Supercenter, the only Walmart within 40 miles.
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