MINNEAPOLIS (August 23, 2010) – United Properties announces the following retail real estate transactions completed in Denver and Colorado Springs.

Highlands Ranch retail center adds Allstate Insurance and Weight Watchers

The Plaza at Highlands Ranch, the United Properties-owned 244,000 sq. ft. retail center in Highlands Ranch, has secured leases for 1,300 sq. ft. with Jack Sughrue of Allstate Insurance, 1,800 sq. ft. with Weight Watchers and 3,689 sq. ft. with TreeHouse Discovery. The tenants moved into their spaces this summer. Allstate was represented by Erin Hoover of the Summit Group; Weight Watchers and TreeHouse Discovery were represented by Lisa Vela of ColliersInternational.

Two Hispanic retailers open at Plaza Las Americas in Thornton

United Properties added three new tenants to this 65,000 sq. ft. center: Las Tortugas, Amelia’s Hair Salon and Comfy Nails. Both the 1,855 sq. ft. quick-serve restaurant Las Tortugas and 1,010 sq. ft. Amelia’s salon opened in June and were represented by Legend Retail. Comfy Nails will open this fall in 1,010 sq. ft. of space.

Dairy Queen under construction at Lakewood retail center

United Properties finalized a lease with Dairy Queen for its 1,540 sq. ft. store at the Shops at Eastman in Lakewood. Dairy Queen moved into its space in early August. State Beauty Supply also joined the center this spring with 1,900 sq. ft.

Colorado Springs retail hub welcomes three new businesses, bringing occupancy to 97 percentMarketplace at Austin Bluffs, the redeveloped 227,000 sq. ft. retail center in Colorado Springs, has secured leases with TCBY, A Mobile Locksmith and Credit Union of Colorado. The transactions bring the center’s occupancy to 97 percent. The center also includes the second-largest King Soopers.

United Properties Jamie Pollock represented the owner in all of the transactions.

Media Contacts

Martha Nevanen
Vice President, Marketing Communications
952-893-7539
martha.nevanen@marquettere.com

Jessie Folkens
Sr. Communications Consultant
952-837-8516
jessie.folkens@marquettere.com

About United Properties

United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas.

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