Lamar Station Plaza
193,625 Square Foot Shopping Center
- Acquired: April 14, 2014
- Anchored by Casa Bonita.
- Redevelopment of community shopping center.
- In the process of backfilling vacant spaces and turning over existing tenants to better operators able to pay higher rents.
- Able to take advantage of rapidly changing trade area revitalized by the addition of a new light rail line as part of Denver's public transit system.
- NOI increased 60% within a year of acquisition. Upon stabilization, it will be almost 200% higher.