United Properties Announces Retail Real Estate Transactions in Colorado

United Properties Announces Retail Real Estate Transactions in Colorado

MINNEAPOLIS, MI – August 30, 2010 – (RealEstateRama) — United Properties announces the following retail real estate transactions completed in Denver and Colorado Springs.

Highlands Ranch retail center adds Allstate Insurance and Weight Watchers
The Plaza at Highlands Ranch, the United Properties-owned 244,000 sq. ft. retail center in Highlands Ranch, has secured leases for 1,300 sq. ft. with Jack Sughrue of Allstate Insurance, 1,800 sq. ft. with Weight Watchers and 3,689 sq. ft. with TreeHouse Discovery. The tenants moved into their spaces this summer. Allstate was represented by Erin Hoover of the Summit Group; Weight Watchers and TreeHouse Discovery were represented by Lisa Vela of Colliers International.

Two Hispanic retailers open at Plaza Las Americas in Thornton
United Properties added three new tenants to this 65,000 sq. ft. center: Las Tortugas, Amelia’s Hair Salon and Comfy Nails. Both the 1,855 sq. ft. quick-serve restaurant Las Tortugas and 1,010 sq. ft. Amelia’s salon opened in June and were represented by Legend Retail. Comfy Nails will open this fall in 1,010 sq. ft. of space.

Dairy Queen under construction at Lakewood retail center
United Properties finalized a lease with Dairy Queen for its 1,540 sq. ft. store at the Shops at Eastman in Lakewood. Dairy Queen moved into its space in early August. State Beauty Supply also joined the center this spring with 1,900 sq. ft.

Colorado Springs retail hub welcomes three new businesses, bringing occupancy to 97 percent
Marketplace at Austin Bluffs, the redeveloped 227,000 sq. ft. retail center in Colorado Springs, has secured leases with TCBY, A Mobile Locksmith and Credit Union of Colorado. The transactions bring the center’s occupancy to 97 percent. The center also includes the second-largest King Soopers.

United Properties Jamie Pollock represented the owner in all of the transactions.

About United Properties
United Properties, based in Minneapolis, Minn., specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail properties, as well as office and flex office buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 60 office, medical, industrial and retail assets in Minnesota, Wisconsin and Colorado. For more information, visit (www.uproperties.com).

Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen (at) marquettere (dot) com

Jessie Folkens
Sr. Communications Consultant
952-837-8516

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