Lee & Associates Completes $52.25M Sale of Denver Shopping Centers

Lee & Associates is pleased to announce the sale
of Quebec Square and Quebec 36 for $52,250,000. The 207,561 SF
community retail shopping centers are located at 36th Ave. and Quebec
St. in Denver, Colorado.

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Jan Fincham and Patrick Dempsey, Principals of the Phoenix Lee &
Associates offi ce, facilitated the transaction along with Daniel Miller,
Senior Vice President of SullivanHayes Brokerage in Denver. The buyer
is an affi liate of Inland American RE Trust of Chicago. The seller was a
private equity trust.

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Quebec Square and Quebec 36 are home to PetSmart, Ross, Big Five
Sports, Party City, Offi ce Depot, Smashburger and other national and
regional tenants and also is shadow anchored by Home Depot, Wal-Mart
and Sam’s Club.

“This transaction represents an opportunity for Inland American to
make a strategic investment in the Denver marketplace,” says Fincham.

Lee & Associates opened a new offi ce in Denver this past October led
by Managing Principal and one of the founders, John Bitzer. The Denver
offi ce will provide brokerage services for the Denver metropolitan area
and all of Colorado.

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