A joint venture between Walton Street Capital and a regional operating partner has sold Harvest Junction, a 364,000-sqaure-foot retail park located in Longmont, Colo.
A joint venture between Wafra, Inc. and Pine Tree acquired the asset for $73.8 million.
Built in 2006, the 97 percent-leased center is home to Lowes, Ross, Marshall’s, Best Buy, Dick’s Sporting Goods, Michael’s, Petco, Staples, DSW and more. Nearly 3.5 million people visit Harvest Junction per year, and the center is in the top 7 percent of shopping centers in the United States. The new ownership will continue to maintain the strong operations at the property and position the center as the preeminent shopping destination in the Boulder MSA.
Located at 205 and 210 Ken Pratt Blvd., the center serves the high-growth communities of Longmont, Loveland, Greeley, Boulder and Fort Collins, Colo. Situated along Highway 119, the park is visible to 74,000 vehicles per day and benefits from $18.2 billion
