Fox Creek Village shopping center in Longmont sells for $24.8M

LONGMONT — The majority of buildings that make up the  Fox Creek Village shopping center at the southwest corner of 17th Avenue and Pace Street in Longmont have been sold to The Kroenke Group for $24.8 million.

The 115,000-square-foot neighborhood shopping center on 14 acres is anchored by King Soopers and includes a Wells Fargo stand-alone branch bank and about 20 smaller retailers.

TKG Management Inc., a subsidiary of the The Kroenke Group based in Columbia, Mo., acquired the shopping center from Inland Real Estate Group based in Oak Brook, Ill., according to public records.

Property occupied by Walgreen’s within the shopping center area was not part of the deal. That land and building is owned by Voightlander Management Inc., which  paid $5.7 million in 2015 to St. Louis-based Capital Realty Group for that property. Capitol Realty Group purchased the property in 2005 for $5 million.

The Kroenke Group was founded in 1983 by Stan Kroenke, who owns Kroenke Sports & Entertainment, which includes the Denver Nuggets, Colorado Avalanche, Colorado Rapids, Colorado Mammoth and the Los Angeles Rams sports teams.