Rio Capital Investments has acquired Plaza West at Aurora Town Center, a 95,000-square-foot shopping center located at 13670 E. Alameda Ave., in a transaction priced at $15.7 million. The open-air retail property, known as part of the larger Aurora Town Center complex, adds another established community shopping destination to Rio Capital Investments’ portfolio.
Public records cited by the Denver Business Journal indicate that the acquisition was supported by a $10.24 million promissory note provided by United Omaha Life Insurance Company. The loan proceeds helped facilitate the purchase of the center, which is anchored by Harbor Freight Tools and Dollar Tree, two nationally recognized discount and tool retail brands.
Plaza West at Aurora Town Center was originally constructed in 1984 and 1985. The property has evolved from a partially leased center to a fully occupied retail asset in recent years. At the time of its last trade in 2024, the center sold for $8 million and was 65% occupied. Since that transaction, the seller, Arileus Capital, executed a leasing strategy that brought the property to full occupancy before the most recent sale to Rio Capital Investments.
Arileus Capital’s leasing efforts expanded the tenant roster to include Colorado Pro Gym, Tendercare Dental and the third location of King Buffet, in addition to the existing anchor tenants. With the center now fully leased, the tenancy reflects a mix of discount retail, fitness, dental services and restaurant offerings, providing a diversified lineup intended to draw recurring consumer traffic.
In connection with the disposition, Arileus Capital was represented by Justin Krieger, principal at Pinnacle Real Estate Advisors. His role encompassed marketing the asset and advising the seller through the sale process. The combination of stabilized occupancy, an expanded tenant base and life insurance company financing underpinned the most recent transaction and set a new pricing benchmark compared with the 2024 sale.
The Plaza West at Aurora Town Center sale highlights continued investor interest in established, fully leased retail assets in the Aurora market, particularly those that demonstrate recent leasing momentum and support for long-term income generation.
