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Smoky Hill Shopping Center Commands $5M

CENTENNIAL, CO-Tower Investments LLC gets $228 per sf for the class A retail asset in the southeastern metro area. The seller and First Allied Global Corp. split a $500,000 pre-payment penalty to make the deal work.

By John Rebchook | Updated on September 28, 2004

CENTENNIAL, CO-First Allied Global Corp. has paid nearly $4.6 million to Tower Investments LLC for the 20,047-sf Smoky Hill Shopping Center. The sales price for the class A, neighborhood shopping center at 1825 E. Smoky Hill Rd. equates to $228 per sf.

Brad Lyons of Marcus & Millichap represented the seller, and Robert Edwards and Eric Kimose, also of Marcus & Millichap, represented the buyers. The deal involved a pre-payment penalty on the loan.

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