Triumph Real Estate Investment Fund II Buys Hillcrest Plaza Shopping Center for $5.6MM
Triumph Real Estate Investment Fund II, a Canadian real estate fund based out of Calgary, Alberta, has purchased Triumph Hillcrest Plaza in Greater Denver Area for a total consideration was $5,600,000.00 USD.
Triumph Hillcrest Plaza is a 34,648 square foot shopping center located at 1412 W 104th Avenue Northglenn, CO. The property, which was 87.9% leased at the time of the purchase, has tenants that include; Santiago’s, Budget rent A car, Fast Signs, Pop Culture, 151 Coffee to go and others.
“We are very pleased with our recent acquisition in the Greater Denver Area,” said David Wallach, President and Founder of Triumph Real Estate Investment Fund.
“The purchase of “Triumph Hillcrest Plaza” aligns with our fund’s fundamentals in buying neighborhood centers with basic services to the residents in those neighboring communities. This acquisition strengthens our position in the Denver market and is a good addition to Triumph Panorama Place which we acquired a couple of years ago and is part of Triumph Fund I. Our goal is to increase our presence in the Denver market as well as other states throughout the Central and Western U.S.,” Wallach said.
Triumph Real Estate Investment Fund II purchased Triumph Hillcrest Plaza from McCain Properties. Marc Lippitt, Justin Herman and Emily Lemere with Unique Properties Inc./TCN Worldwide were the exclusive agents and negotiated both deals on behalf of the Buyer.
Gannon Roth of Unique Properties Inc./TCN Worldwide will handle the leasing, and Wheelhouse Commercial Property Management has been selected to manage the properties.
About TCN Worldwide
TCN Worldwide, a consortium of leading independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With commercial real estate professionals serving more than 200 primary and secondary markets worldwide, TCN Worldwide is one of the most comprehensive service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader in the commercial real estate industry.
For more information on TCN Worldwide, contact H. Ross Ford at 972-769-8701 or visit www.TCNWorldwide.com.
About Unique Properties Inc./TCN Worldwide
Unique Properties, Inc./TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land, and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transactions in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence.
For more information about the services provided by Unique Properties, Inc./TCN Worldwide, please visit www.uniqueprop.com.
About Triumph Real Estate Investment Trust
Triumph Real Estate Investment Trust was created in order to offer investors the opportunity to strategically invest in multi-tenant industrial, retail and office buildings alongside a strong and experienced management team with over 40 years of combined experience.
The Trust will focus on identifying undervalued and undermanaged properties located in Ontario, Saskatchewan and Alberta in the Canadian Market, as well as Texas, Arizona, Colorado and California in the U.S.A. Market.
For further information visit: www.triumphref.com.
# # #