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Northglenn Marketplace Redevelopment

The shopping center features over 600,000 square-feet of retail, restaurant, and service tenants.

Goals
  • Refresh, rebrand, re-energize and reinvigorate the center
  • Stabilize and retain existing tenants
  • Attract new tenants to the center
  • Create new modern structural designs, and improve the image and branding
  • Develop an entertainment and designation location
 

Features
The shopping center is located on 55.29 acres, with 652,272 square-feet of retail, restaurant, and service tenants.  The anchor tenants include Lowe’s, Bed, Bath & Beyond, Texas Roadhouse, IHOP, Dress for Ross, Office Depot, JoAnn’s Fabrics and 30+ various other tenants.  The property has two owners:  Hutensky Capital Partners (HCP) and Lowes. 

In 2017, Hutensky Capital Partners (HCP) purchased more than 400,000 square feet of the Northglenn Marketplace, located at Interstate 25 and 104th Avenue.  In 2019, HCP purchased the building that houses K&G, Woodley’s Fine Furniture, and Tuesday Morning (which was owned by Arrowrock).

Marketplace site plan for web

Location
The shopping center is located at 104th Avenue and I-25, Northglenn, CO 80234.

Funding
The majority of the center was purchased by Hutensky Capital Partners for (HCP) $49 million in late 2017.  The NURA has committed $8 million toward the additional $28 million needed for exterior improvements for Phase 1 and the acquisition of the Arrowrock property.

Next
New 2022 Tenant Announcements
Three new tenants announced they will be opening at the Northglenn Marketplace. Five Below and dd’s Discounts will be occupying the former Office Depot space and Painted Tree Boutiques will take the former Sports Authority building. 

Five Below – 9,577 square feet
dd’s Discounts – 20,528 square feet
Painted Tree Boutiques – 32,365 square feet

The three tenants listed above, and a new food and beverage tenant will occupy approximately 121,000 square feet, and the center will be more than 90% leased. There is a lot of work occurring in the background, so stay tuned for more exciting news at the Marketplace.

Timeline
  • 2022 - Announced Five Below, dd’s Discounts and Painted Tree Boutiques opening in 2022
  • 2021 - HCP released Harkins Theatre from lease because of the uncertainty of the movie theatre market due to the pandemic.
  • 2019 - Bed Bath & Beyond relocates to former Borders Building
  • 2019 - HCP purchases Arrowrock property
  • 2019 - Harkins Theatres announces plan to open a new 12-screen luxury theatre
  • 2017 - Public/Private Partnership for Northglenn Marketplace
  • 2017 - HCP purchases most of Northglenn Marketplace Sold
  • 2012 - Center purchased by LNR
  • 2011 - Foreclose of the majority of the center
  • 2000 - New Northglenn Marketplace opens
  • 1998 - Mall sold and demoed
  • 1960 - Original mall opened

Related  Information
Hutensky Capital Partners

 

Contact

Debbie Tuttle
Economic Development Manager
303.450.8743
dtuttle@northglenn.org