New retail complex purchased in Colorado

Specialty store holds anchor lease

Marcus & Millichap brokered the sale of Yosemite Park, a brand-new retail center in Centennial, Colo. The value of the transaction was $28.2 million. The Woodmont Co. and Commercial Net Lease Realty Services Inc. sold the property to GDA Real Estate Services. Yosemite Park is located at 9090 E. Philips Place. Construction on Yosemite Park began in 2004 and will be completed this year. The retail center has approximately 102,000 square feet and is anchored by a 35,000-square-foot Jo Ann Fabrics store. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to