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Triumph Real Estate Investment Fund II Buys Hillcrest Plaza Shopping Center for $5.6MM

Posted by Unique Properties News Team on September 22, 2019
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Marc Lippitt, Justin Herman and Emily Lemere with Unique Properties Inc./TCN Worldwide were the exclusive agents and negotiated both deals on behalf of the Buyer.

1412 W 104th Ave

Denver, CO  (September 23, 2019) — Triumph Real Estate Investment Fund II, a Canadian real estate fund based out of Calgary, Alberta, has purchased Triumph Hillcrest Plaza in Greater Denver Area for a total consideration was $5,600,000.00 USD.

Triumph Hillcrest Plaza is a 34,648 square foot shopping center located at 1412 W 104th Avenue Northglenn, CO. The property, which was 87.9% leased at the time of the purchase, has tenants that include; Santiago’s, Budget rent A car, Fast Signs, Pop Culture, 151 Coffee to go and others.

“We are very pleased with our recent acquisition in the Greater Denver Area,” said David Wallach, President and Founder of Triumph Real Estate Investment Fund.

“The purchase of “Triumph Hillcrest Plaza” aligns with our fund’s fundamentals in buying neighborhood centers with basic services to the residents in those neighboring communities. This acquisition strengthens our position in the Denver market and is a good addition to Triumph Panorama Place which we acquired a couple of years ago and is part of Triumph Fund I. Our goal is to increase our presence in the Denver market as well as other states throughout the Central and Western U.S.,” Wallach said.

Triumph Real Estate Investment Fund II purchased Triumph Hillcrest Plaza from McCain Properties. Marc Lippitt, Justin Herman and Emily Lemere with Unique Properties Inc./TCN Worldwide were the exclusive agents and negotiated both deals on behalf of the Buyer.

Gannon Roth of Unique Properties Inc./TCN Worldwide will handle the leasing, and Wheelhouse Commercial Property Management has been selected to manage the properties.

To schedule an interview regarding this transaction, please contact: Marc Lippitt  at mlippitt@uniqueprop.com

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About Unique Properties, Inc. / TCN Worldwide

Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transaction in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.

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