They bought the Marketplace from Carlsbad, CA-based GMS Realty LLC, which bought it about two years ago for about $43 million. The center is anchored by Sam's Club, Kmart, Albertsons and Office Max. It also is next to the former Gates Rubber plant that is on tap to be redeveloped into a $1.5-billion transit-oriented development with retail, offices, housing, entertainment and a hotel.

Cohen and Frank purchased the Collection, a 260,000-sf property, earlier this year for $21 million, and bought the 235,000-sf Design Center building in 1996. Both the Collection and the Design Center are to the north of Broadway Marketplace.

"It made sense to bring this final parcel into our portfolio and have common ownership over this important emerging area," says Warren Cohen, president of his namesake company. "It's a positive move for the property and we believe for Denver to have this under local ownership."