ARVADA, CO—Pine Tree Commercial Realty, LLC has completed its acquisition of Arvada Marketplace-Connection shopping center for $54.9 million. In announcing the deal Thursday the firm noted that it is its 75th acquisition since being founded in 1995.

Located just fifteen minutes west of downtown Denver in the densely populated suburb of Arvada, the 367,510 square foot shopping center is anchored by a 142,491 square foot Sam's Club and features top-tier national and regional tenants including Sports Authority, Dollar Tree, and Youfit health club.

“We believe Arvada Marketplace-Connection's outstanding visibility, strong regional and national tenant mix, and ideal demographics make it one of the dominant retail properties in Denver's western suburbs,” said Todd Zinsmaster, executive vice president of acquisitions & development for Northbrook, IL-based Pine Tree. “It not only represents a significant achievement – being our 75th property – but serves to strengthen our portfolio as we continue our growth strategy to acquire high-quality necessity-based shopping centers across the country with high barriers to entry.”