DENVER, Nov. 10, 2025 – JLL Capital Markets announced today that it has secured the $5.25 million sale of Tower Pavilions, a fully leased retail center located in Aurora's thriving retail corridor.
JLL represented the seller, Thompson Ranch Development Company.
Tower Pavilion is strategically positioned at 3571 S Tower Rd. at the signalized intersection of S Tower Rd. and E Hampden Ave. in the Denver MSA. This prime location offers excellent visibility with over 62,000 vehicles per day in Aurora's established retail district, surrounded by national retailers including King Soopers, Safeway, Natural Grocers and Kohl's.
The 11,029-square-foot retail center is 100% leased to eight tenants and features a diverse tenant mix including national retailers Jersey Mike's, European Wax Center, Sport Clips and Tide Cleaners. The property benefits from strong tenant tenure with an average of 13 years and a weighted average lease term of 2.9 years. National tenants comprise 62% of the gross leasable area.
JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Jason Schmidt and Director Austin Snedden.
"Tower Pavilion represented an exceptional opportunity to acquire a fully stabilized retail asset in Aurora's prime retail corridor," said Schmidt. "The property's strong tenant mix, excellent demographics and recent capital improvements including a new roof in 2023 made it an attractive investment for the buyer."
"The property benefits from Aurora's position as an affordable alternative to Denver while maintaining easy access to downtown," added Snedden. "With over 160,000 people within a three-mile radius and average household incomes exceeding $129,000, Tower Pavilion is well-positioned in a strong demographic area."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.