**Investor Group Acquires Aurora Mixed-Use Development for $50M**
A trio of real estate investment firms—Two Arrows Group, Halo, and OlivePoint Capital—have completed the $50 million acquisition of a mixed-use development in Aurora, Colorado. The transaction includes three retail buildings and a 216-unit multifamily complex.
Known as Parkside @ City Center, the development encompasses retail buildings located at 14505, 14515, and 14535 E. Alameda Ave., totaling 24,985 square feet. The deal also includes Stella on the Park, a residential community situated at 14565 E. Alameda Ave., which offers studio to three-bedroom apartments. Additional retail space located within Stella on the Park brings the total retail footprint of the property to approximately 36,000 square feet.
Milender White Construction, serving as both developer and builder, was the seller in this transaction. The project was completed in 2021, and at the time of the sale, the retail component was 86% leased.
The acquisition was facilitated by a collaborative brokerage effort. Jason Schmidt and Austin Snedden led JLL’s Capital Markets Investment Sales and Advisory team for the transaction. CBRE’s Shane Ozment, Terrance Hunt, Andy Hellman, Justin Hunt, Brad Schlafer, Chris Hart, and Keegan Rowan represented the sale of the apartment component.
Parkside @ City Center represents a strategic investment into one of Aurora’s emerging mixed-use urban nodes, combining residential density with retail amenities in a high-growth corridor.
