DENVER – Transwestern’s Denver office today announced it brokered the acquisition by Nursery Acres L.P. of a 75,330-square-foot Cabela’s retail store located at 2424 Highway 6 in Grand Junction, Colo. Built in 1983, the outdoor recreation retailer sits on a 6.76-acre lot at Mesa Mall. Terms of the deal were not disclosed.
Transwestern Managing Directors Brad Cohen and Larry Thiel represented the buyer. Nursery Acres purchased the building to complete a 1031 exchange and plans to keep the property long-term. Faris Lee represented the seller, Macerich Mesa Mall Holdings LLC.
“The Mesa Mall is the largest shopping hub between Denver and Salt Lake City,” said Thiel. “This premier location and the street frontage on U.S. 6 in Grand Junction made this a very desirable asset.”
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern and @TranswesternCO.