A local investment firm has scooped up Washington Center, the neighborhood shopping center at the southeast corner of East 120th Avenue and Washington Street in Northglenn, for $10.23 million. The deal hands the new owner control of roughly 50,000 square feet of retail space on what brokers say is one of the north Denver corridor’s busiest intersections. The strip is largely leased and stocked with a mix of longstanding local businesses and national brands, which means the buyer walks into immediate cash flow with some upside still on the table.
In a press release from JLL, the firm said it arranged both the $10.23 million sale and the acquisition loan for Washington Center. JLL represented the seller, Northglenn LLC, while describing the buyer only as a local…..