Recently completed Highlands commercial strip fetches $5M
Infill developers have sold a retail strip fronting West 38th Avenue in the Highlands for $5 million.
LCP Development completed the Highlands Retail Center, whose tenants include CycleBar and a deep dish pizza joint, last year.
“We felt it was a good time to monetize that asset,” LCP partner Jonathan Bush said.
The buyer is Ingalls RE 2, which picked up the two-parcel property for $5.2 million this week. Agents from Pinnacle Real Estate Advisors handled the transaction. Rob Edwards and Tom Ethington represented the seller and Jules Hochman and Justin Brockman represented the buyer.
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