Regency Centers has acquired Shops at Highland Walk, a grocery-anchored shopping center in Highlands Ranch, a suburban community south of Denver. Cushman & Wakefield arranged the $37.1 million transaction for the 94,795-square-foot property, which is anchored by a King Soopers supermarket. The center, described by the brokerage team as a prototype for grocery-anchored retail in Colorado, drew strong investor interest before ultimately trading to Regency Centers.
The shopping center is located at 4000 Red Cedar Drive and serves the surrounding Highlands Ranch neighborhood with a mix of daily-needs and service-oriented tenants. According to Cushman & Wakefield, the property is 98% leased to 17 tenants, reflecting a high level of occupancy and a relatively diverse rent roll for a grocery-anchored asset. King Soopers occupies the central anchor position, with multi-tenant space and outparcel buildings providing additional retail offerings.
The site layout includes two multi-tenant inline buildings flanking the King Soopers store, giving smaller tenants direct visibility to grocery traffic. Four additional outparcel buildings line the perimeter of the property, supporting a mix of uses and creating multiple points of customer access. Other named tenants at Shops at Highland Walk include FitnessLab, Great Clips and Starbucks, each contributing to steady daily traffic and complementary demand drivers for the center.
Cushman & Wakefield’s Jon Hendrickson and Aaron Johnson represented the seller, Shea Properties, in the sale to Regency Centers. In comments on the transaction, Hendrickson emphasized the quality of the asset and the level of investor demand for grocery-anchored centers in the region, noting that many investors would have liked to add this property to their portfolios. He also highlighted Shea Properties’ role in building and maintaining the center and characterized Regency Centers as a strong long-term steward for the asset and the Highlands Ranch community.
While specific financing details were not disclosed, the sale underscores continued institutional interest in well-leased, grocery-anchored retail properties in established suburban locations. With high occupancy, a national grocer anchor and a mix of national and local tenants, Shops at Highland Walk fits squarely within the profile of convenience-oriented retail centers that remain in favor among many buyers. The transaction also marks another example of active trading in grocery-anchored assets around the Denver area, where population density and established neighborhoods support durable consumer traffic.
