The Lakewood shopping center anchored by Casa Bonita has changed hands in a $30.25 million deal, with two companies now in charge of the property and reportedly planning upgrades to the site. Lamar Station Plaza, sitting at the northeast corner of West Colfax Avenue and Pierce Street, is best known as the home of the elaborate pink-stuccoed Mexican restaurant that has drawn visitors from well beyond the metro area for decades.
According to The Business Journals, the shopping center was acquired for $30.25 million and purchased by two companies, which plan upgrades to the property. Property materials from DLC Management Corp. list the center at 6431-6791 West Colfax Avenue in Lakewood, with 186,793 square feet of gross leasable area across the property.
Casa Bonita itself occupies a substantial footprint within that larger plaza. Per the same property materials, the restaurant is an anchor tenant with 54,916 square feet of space, plus an additional 3,758 square feet of storage. The listed tenant mix at the center also includes Ross Dress for Less, Dollar Tree, Adventure Dental, Arc Thrift and WestFax Brewing.
A Shopping Center That Has Changed Hands Before
This is not the first time the property has traded. Broad Street Realty bought the Lakewood shopping center in 2014 for $8 million, back when, as reported by The Denver Post, the 190,000-square-foot center sported 30 percent vacancy. By 2017, the center had been renamed Lamar Station Plaza, and its building facades and parking lot had been upgraded…