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Broe Cos. Sells Big Box to Eaton Vance

DENVER-A 180,000-sf retail property leased to the Great Indoors in the suburb of Lone Tree here changes hands for $33.7 million.

By Brian K. Miller | Updated on June 10, 2007

DENVER-A 180,000-sf retail property here net-leased leased on a long-term basis to interior furnishings retailer the Great Indoors has traded for $33.7 million, according to Fairs Lee Investments, the listing brokerage firm. The Broe Companies of Denver sold the single-tenant big-box property to Providence, RI-based Eaton Vance Management, an exchange fund that focuses on single-tenant investments.

Built in 1997, the property sits on 16.45 acres next to the newly developed Park Meadows Mall off Highway 470 in Lone Tree, a southern suburb of Denver. The street address is 8585 S. Yosemite St. The Great Indoors’ lease has 10% rent bumps every five years.

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