Denver, CO — ACD is pleased to announce that it has successfully closed on the sale of a multi-tenant outpad building at its Belleview Connection retail center in Littleton, Colorado. The 6,400 square foot, Class A building was 100% leased at the time of sale to daily needs and QSR retailers including Dairy Queen and Subway. Matthew Henrichs of CBRE represented the seller in the transaction.

"This sale supports our conviction in the long-term durability of e-commerce resistant retailers and the strong market appetite we continue to see for well-located grocery shadowed retail assets," remarked Josh Katzer, Partner at ACD.

Located at the northeast corner of West Belleview Avenue and South Federal Boulevard, The Belleview Connection is a prominent retail destination with a diverse stable of e-commerce resistant, daily needs retailers including Planet Fitness, Advance Auto Parts, Wingstop, Core Power Yoga, T-Mobile, Black Rock Coffee Bar, T-Mobile and many others. Boasting more than 85,000 square feet of gross leasable area, the center prominently fronts Belleview Avenue, a primary commuter arterial serving South Metro Denver (33,000 VPD), and enjoys enviable shadow proximity to King Soopers and Home Depot. Supportive surrounding demographics include substantial residential density and an average annual household income exceeding $114,000 within a 3-mile radius. ACD recently redeveloped the center to modernize its appearance and functionality.

Founded in 2005, ACD is a Denver-based private capital management firm with nearly 18 years of experience in the acquisition, development and management of commercial real estate investments across the Intermountain West. ACD is active in the neighborhood retail, self-storage and small bay industrial markets.