Foothills Mall in Fort Collins gets new owners
Affiliates of Walton Street Capital, a private real estate investment firm, and Alberta Development Partners, a Denver-based real estate acquisition, development and investment firm, have acquired Foothills Mall in Fort Collins.
The price was not disclosed.
The new owners plan to reposition the 753,000-square-foot mall, which is located off College Avenue and anchored by Macy’s and Sears.
“The repositioning of Foothills Mall will represent a significant commitment by the developers to create a major, completely updated retail destination for the city of Fort Collins and Northern Colorado,” David Joseph, a principal at Walton Street Capital, said in a release posted on the city of Fort Collins website.
“This is an exciting time for our residents and region,” said City Manager Darin Atteberry. “Redevelopment of this property has been a very high priority for the city for a long time, and we are thrilled that Walton Street Capital and Alberta Development Partners have recognized the potential of his property.
“Our community deserves a premier shopping facility in the midtown area to complement the strong retailers in other parts of town, and now it’s happening. This is excellent news for Fort Collins.”
Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, medical office and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor.
Prior to joining CREJ, Jill was Editor of Golden's community newspaper, The Golden Transcript. Jill earned a bachelor’s degree in mass communications from Colorado State University-Pueblo.
When she's not keeping you up-to-date on the latest happenings in Colorado's commercial real estate market, Jill can be found skiing, exploring the outdoors with her dogs, playing the piano, reading, or learning computer graphics.