Premier retail center trades for $10.23M in Denver's thriving north corridor

DENVER, April 1, 2026 –  JLL Capital Markets announced today that it has secured the $10.23 million sale and acquisition loan for Washington Center, a 92% leased shopping center located along one of Northglenn's most highly trafficked retail corridors.

JLL represented the seller, Northglenn LLC. The buyer was a local investment firm. JLL also worked on behalf of the borrower, facilitating a fixed-rate loan from a bank.

Washington Center is strategically positioned at 812-858 E 120th Ave. and 11874-11890 Washington St. at the intersection of Washington Street and E 120th Avenue, which sees over 100,000 vehicles per day. This prime location offers excellent visibility in one of Denver's fastest-growing northern submarkets, known for its favorable demographics and proximity to major retail anchors.

The 50,445-square-foot retail center is 92% leased and includes 19 tenants across 21 suites. The property features a diverse tenant mix with national tenants including CSL Plasma, Smashburger and Subway, alongside established local businesses. Washington Center draws over 1.4 million visits per year and is shadow-anchored by Walgreens, with nearby high-performing anchors including Super Target, Safeway and Sprouts.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Jason Schmidt and Senior Director Austin Snedden. Senior Director Rob Bova arranged the financing.

"Washington Center represented a compelling opportunity to acquire an established retail asset in Northglenn's primary retail corridor with significant upside potential," said Schmidt. "The property's below-market rents, strong demographics and exceptional location made it an attractive opportunity for the buyer."

"We are pleased to facilitate this transaction for the buyer," added Snedden. "With average in-place rents 47% below submarket averages and the ongoing Karl's Farm development, adding over 650 residential units nearby, Washington Center presents tremendous opportunity for value creation in the years to come."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.