JLL Capital Markets has arranged the $17.9 million sale and a $11.175 million acquisition financing for Marston Park Plaza, a 90,200-square-foot retail center located in Littleton.
JLL worked on behalf of the seller, Miller United Real Estate. JLL also represented the borrower, Ziff Real Estate Partners, in securing the five-year, fixed-rate loan through a life company correspondent lender.
Located at 5066 South Wadsworth Wy., Marston Park Plaza is strategically positioned at the intersection of S Wadsworth Blvd. and W Belleview Ave., which sees nearly 74,000 vehicles per day. The center is currently 88% leased to 18 tenants with an average lease term of 4.9 years. Its diverse tenant roster includes The Tile Shop, Wag N Wash, Little Caesars Pizza, Vitalant, America’s Best Contacts and a newly signed lease with Veterinary Emergency Group…