Pinnacle Announces Sale of Starbucks Center at Colfax and Kipling
Rob Edwards and Tom Ethington of the Edwards Ethington Team at Pinnacle Real Estate Advisors is pleased to present the sale of the Colfax & Kipling Center, a 6,518 square foot three tenant neighborhood retail center located at the southeast signalized corner of West Colfax Avenue and Kipling Street in Lakewood, Colorado. The property is 100% leased to Starbucks, Kolache Factory, and Cricket Mobile. Starbucks Coffee has occupied the highly visible corner endcap since 2007. The center benefits from the surrounding dense neighborhoods and from being on the busy “going to work” side of the street. The Edwards Ethington Team brokered both sides of this off-market transaction.
“We were quickly able to find the right buyer for this off-market deal. This local buyer owns other properties in the area and knew the corner well. Their interested in the property spiked once they discovered the Kolache Factory, a successful and popular Eastern European bakery specializing in a warm, delicious, slightly sweet fresh-baked pastry traditionally filled with sausage, cheese, or fruit, had leased the vacant in-line space.”, said Rob Edwards.