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January 21-February 3, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 7AA
MonkeySports opens
first Colorado store
Sports retailer MonkeySports
opened its first Colorado store
in Greenwood Village. The
new sports superstore is a
15,125-square-foot freestand-
ing building located at 6578 S.
Yosemite Circle.
MonkeySports sells hockey,
lacrosse, baseball and softball
equipment.
“Colorado’s sport enthusiasts
have historically been under-
served,” said Tom Arnold,
chief financial officer, principal
and partner at MonkeySports.
“Strong online sales and high
demand highlighted the need for
a brick-and-mortar location in
the market.”
Newmark Grubb Knight Frank
announced the opening, and
Frank Griffin, managing director,
representedMonkeySports in the
transaction.
“This location is ideal for Mon-
keySports,” said Griffin. “The
storefront at Arapahoe Road and
Yosemite Circle has exception-
al access to Interstate 25, and is
anchored by strong demograph-
ics and high-traffic counts – all
requirements for the destination
retailer.”
The California-based company
is the nation’s largest retailer of
hockey and lacrosse equipment.
Tenants open, restaurant
planned at Northfield
Two new tenants opened
stores at the Shops at Northfield
Stapleton.
Hand & Stone Massage and
Facial Spa offers massage ser-
vices from expert therapists
for a number of different mas-
sage types. Also, the spa offers
facial treatments performed by
licensed estheticians.
Grandrabbits Toy Shoppe also
opened a store at Northfield. The
independently owned specialty
toy store has multiple locations
along Colorado’s Front Range.
Grandrabbits carries a wide
range of hand-chosen education-
al and fun toys. Grandrabbits has
been voted the best children’s
toy store in Boulder for over 30
years.
In addition, Texas Roadhouse
will be coming soon to North-
field. The family steak restaurant
boasts hand-cut steaks, fall-off-
the-bone ribs, made-from-scratch
sides and fresh-baked bread.
The Shops at Northfield Sta-
pleton are located at 8340 North-
field Blvd in Denver.
Aspen Grove welcomes
two new tenants
Aspen Grove welcomed two
new tenants to the shopping
center, Fab’rik and Brilliant Sky
Toys & Books.
This is Fab’rik’s first Colora-
do store. The 2,255-square-foot
store offers women’s clothing,
and claims, “If you’ve seen it
on the runway or the cover of
a magazine, chances are you’ll
find it a Fab’rik, minus the hefty
price tags.” Fab’rik also pro-
vides personal styling and daily
arrivals.
Brilliant Sky Toys & Books
opened a 3,041-sf store. The
specialty toy store offers edu-
cational toys, children’s books,
games and puzzles. Brilliant
Sky strives to provide “a retail
experience unlike any other,
with a focus on enrichment,
enlightenment and enjoyment.”
Aspen Grove is located at 7301
S. Santa Fe Drive in Littleton.
s
Sporting equipment retailer MonkeySports opens its first Colorado store.
Shopping Center Update“With the property located
in an area of transition, it was
important for us to select a lend-
er who truly understood the
real estate,” Tiano said.
“GEMB really understood our
needs and was able to produce
the perfect lender for the situa-
tion,” he said.
“Further, the nonrecourse loan
allowed us to optimize returns
while insulating ourselves from
unnecessary risk,” Tiano said.
Although this marks the first
acquisition by JS Western in
Colorado, it likely won't be its
last.
The company plans to acquire
several more retail properties in
Colorado during the next 12 to
18 months.
The price range of its target
properties would be from $5
million to $15 million and it
is interested in properties
throughout the Denver metro-
politan statistical area.
JS Western is interested in
buying value-add properties as
well as stabilized retail centers
in areas experiencing positive
demographic change.
Other News
n
M&M Corp. LLC
paid $1.8
million for the five-building,
34,589-square-foot strip shop-
ping center at 3113-3191 Peoria
St. in Aurora.
The center was leased to 16
retailers, many of which are
long-term tenants. The center
also is near a FasTracks light-rail
station that is under construc-
tion. The station will lease to a
“surge” in foot traffic, according
to
Marc Lippitt, Scott Shway-
der
and
Justin Herman
of
Unique Properties LLC -TCN
Worldwide.
The Unique team
represented the seller,
THS
Properties LLC,
in the transac-
tion.
Lan Than
of
Landmark Real
Estate Services
represented the
buyer.
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Retail Continued from Page 6AA