ALTO Real Estate Funds Buys Denver Retail Center

The investor bought the 207,611-square-foot Quebec Square shopping center for $42 million.

By Kelsi Maree Borland | October 04, 2019 at 04:00 AM

ALTO Real Estate Funds has acquired bought the 207,611-square-foot Quebec Square shopping center in Denver for $42.3 million. This is the investor's first purchase in Denver.

Quebec Square is 91% leased to tenants including Ross Dress for Less, PetSmart, Office Depot, and Panera Bread. It is shadow anchored by Home Depot, Walmart, and Sam's Club.

The acquisition of Quebec Square was financed with a $28 million, 7-year term loan at an attractive fixed rate from Goldman Sachs. Walker & Dunlop's Los Angeles Capital Markets Team secured the debt on behalf of ALTO Real Estate Funds.

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Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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