DENVER—Inland American Real Estate Trust says it has acquired the 207,561-square-foot Quebec Square shopping center here for $52.25 million.
Quebec Square is 97% occupied and tenants include PetSmart, Ross Dress for Less, Office Depot, Party City and Big 5 Sports, among others. The property is shadow-anchored by a Walmart Super Center and Sam's Club, none of which were acquired.
“We believe Quebec Square is a dominant retail property with a solid national and regional tenant line-up, strong demographics and an ideal location trafficked by more than 65,000 vehicles per day,” said Christopher Covey, senior vice president of transactions for Inland American. “We are pleased to add this property to our retail portfolio, as it matches our long-term strategy of investing in multi-tenant, necessity-based retail properties, and believe it is well positioned for future growth.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
