**Capital Asset Management Acquires Denver’s Quebec Square for $56.7 Million**
Capital Asset Management has acquired Quebec Square, a 207,000-square-foot power retail center located in Denver. The property, which houses several national retail tenants, was sold by ALTO Real Estate Funds for $56.7 million. Financing for the transaction included a $38.9 million loan provided by Wells Fargo Bank.
ALTO Real Estate Funds originally purchased the property in 2019 for $42.2 million. Quebec Square is situated at 7506 E. 36th Ave., near the intersection of Quebec Street and Interstate 70, offering high visibility and access in a prominent commercial area.
Built approximately 20 years ago, the retail center comprises 11 buildings across a 22-acre site. Notable tenants include Ross Dress for Less, Office Depot, PetSmart, Big 5 Sporting Goods, and GameStop, reflecting a strong national tenant mix.
The transaction was represented by JLL Capital Markets, with Jason Schmidt and Austin Snedden leading the team for ALTO.
