News

ARMSTRONG CAPITAL DEVELOPMENT SELLS HILLTOP COMMONS IN CASTLE ROCK

4/12/2022

Denver, Colorado - Armstrong Capital Development (ACD) is pleased to announce the sale of Hilltop Commons at the Meadows (Hilltop Commons) in Castle Rock, Colorado to a private capital buyer. Located at the intersection of Meadows Parkway and Limelight Avenue, the 10,700 square foot multi-tenant retail building was 100% leased to seven tenants at the time of sale. Hilltop Commons is ACD’s second development in Castle Rock’s The Meadows master planned community.

Armstrong Capital Development Acquires Shopping Center Portfolio in Laveen Village, AZ for $20.6m

3/4/2022

Denver, CO (March 4, 2022) — Armstrong Capital Development (“ACD”) announces it has completed the purchase of Shops at Laveen Village, four retail parcels located in Laveen Village, Arizona, for $20.6 million. “This latest acquisition is consistent with our strategy to acquire high quality, complementary retail assets with strong tenant rosters and superb locations,” said Josh Katzer, Partner and Director of Development at Armstrong Capital Development. “As a core asset that we believe possesses all of the needed features for long-term value, Laveen Village makes a terrific addition to our portfolio.”

ARMSTRONG CAPITAL DEVELOPMENT ANNOUNCES SALE OF RETAIL-ORIENTED INDUSTRIAL PROPERTY ON COLORADO BOULEVARD

2/18/2022

Denver, Colorado - Armstrong Capital Development (ACD) is pleased to announce the recent sale of a 12,450 square foot Gerber Collision & Glass automotive repair center located at 2228 South Colorado Boulevard in Denver. The sale concludes a five-year investment designed to capitalize on the property’s high-profile location, strong credit tenancy and ongoing buyer appetite for stabilized, Class A commercial investment opportunities. ACD completed the transaction on behalf of its ACD 2013 Fund, LP.

ARMSTRONG CAPITAL DEVELOPMENT, LLC ANNOUNCES SALE OF HEARTLAND DENTAL’S SAND HILL DENTAL CARE BUILDING IN COLORADO SPRINGS

11/5/2021

Denver, CO - Armstrong Capital Development (ACD) is pleased to announce the sale of Sand Hill Dental Care (the Property), a 4,000 square foot net-leased single-tenant medical building located at ACD’s Sand Hill shopping center in Colorado Springs, Colorado. Leased to Heartland Dental, the nation’s largest dental support organization, the newly constructed asset sold at a 5.25% cap rate to a local private investor on November 5, 2021.

MODERN MARGARITA TO JOIN THE PLANT SHOPS IN CHANDLER

10/19/2021

Denver, Colorado – Armstrong Capital Development, LLC announces that Modern Margarita will soon open a new location at The Plant Shops in Chandler, Arizona. The ten-year deal, brokered on behalf of Armstrong by the Common Bond Development Group, is for a 2,555 square foot end cap unit with an additional 1,100 square feet of planned patio dining. The gourmet small plate Mexican concept is expected to open at 4165 South Gilbert Road in 2022.

ACD Sells Parkway Village Shopping Center

6/9/2021

Provo, UT - Armstrong Capital Development (ACD) is pleased to announce the recent sale of Parkway Village, a 102,000 square foot, Walmart-anchored shopping center located at 2255 N University Pkwy in Provo. The sale follows ACD’s completion this spring of a value-add redevelopment program designed to leverage the property’s high-profile location, marquee tenancy and strong buyer appetite for stabilized, Class A retail investment opportunities. Brad Lyons of CBRE was the transaction broker