University Center in Fort Collins outside of Denver has traded hands for $23.8 million. CIM Group sold the property to an unnamed entity.

Located at 2201 South College Avenue in Fort Collins, University Center totals 68,334 square feet on 6.46 acres. The building is 100% leased to two tenants: a natural foods grocery chain and Wilbur's Total Beverage. The single-story building is attached to the north end of a larger shopping center, where several national name brand retailers reside, including King Soopers, Big 5 Sporting Goods, Office Max and Performance Bicycle.

CBRE's Brad Lyons, Mike Winn and Tim Richey represented the seller in the deal.

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Kelsi Maree Borland

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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