Louisville, CO – February 18, 2025 – NavPoint Real Estate Group is pleased to announce the successful sale of a Multi-Tenant Shopping Center Village Square, a 40,211-square-foot multi-tenant retail property located at 535-655 E South Boulder Road in Louisville, Colorado. The transaction was brokered by NavPoint Principals Matt Call and Mike Quinlan.
Originally acquired in 2021 with less than 60% occupancy, Village Square Shopping Center faced significant deferred maintenance and the departure of its anchor tenant, Walgreens. Over the past several years, the ownership group executed a strategic turnaround plan, revitalizing the property through new leasing activity, physical improvements, and operational enhancements. These efforts resulted in a fully stabilized shopping center with a strong and diverse tenant mix, including national brands such as Dollar Tree and local service-oriented businesses.
“This asset was a true turnaround by the ownership group at less than 60% occupied at acquisition back in 2021 and piles of deferred maintenance along with a known vacate by the anchor Walgreens. Village Square was truly transformed both in terms of the rent roll/rents and physical asset. It has been a pleasure to be involved in this project from acquisition, lease-up, and disposition. This property is sure to be a great cash-flowing asset for the new owner,” said Matt Call, Principal at NavPoint Real Estate Group.
The sale of Village Square Shopping Center underscores the continued demand for well-located, stabilized retail investments in Colorado. The property’s prime location in Louisville, surrounded by high-density residential neighborhoods, made it an attractive opportunity for investors. In addition to the $500,000 exterior renovation, the center saw a surge in leasing momentum, with nine new leases executed since 2022, further solidifying its long-term value.
NavPoint Real Estate Group is a comprehensive commercial real estate services firm based in Colorado, specializing in acquisitions, dispositions, and leasing across various property types. The team is dedicated to providing clients with superior service and achieving optimal results.For more information on NavPoint Real Estate Group’s services, please visit navpointre.com
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For more information on NavPoint Real Estate Group’s services, please visit NavPoint’s website.
Sale of Multi-Tenant Shopping Center
Contact:
NavPoint Real Estate Group
(720) 420-7530
info@navpointre.com
www.navpointre.com
