Westminster investor buys Chappelow Square in Evans

EVANS – Westminster-based J&H Management LLC, an entity led by investor Hyung Lee, paid $1.84 million recently to purchase the Chappelow Square shopping center at 3230 23rd Ave.

J&H bought the eight-unit, 17,500-square-foot retail building from Greenwood Village-based Western Skies Associates LLC. Jerry Chilson and Randy Marshall of Sperry Van Ness/The Group Commercial LLC represented the seller. James B. Oh of Brokers Guild Cherry Creek Ltd. Represented the buyer.

Built in 1999, Chappelow Square is home to a Kwal paint store, Little Caesar’s Pizza, an Armed Forces recruiting center, a Last Load laundromat, Super Cellular and a Tacos Y Salsas restaurant.

SPONSORED CONTENT

Select your Republic Services residential cart now!

In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.

Chilson said the center has about 16 percent vacancy, with a pair of units empty.

Chilson said the buyers had no redevelopment plans at this time. J&H, he said, purchased the property to hold for the long-term, with plans to find new tenants for the vacant spaces.