Foothills Mall owners pay $20.8M for University Square in Greeley

GREELEY — The owners and redevelopers of the Foothills Mall in Fort Collins have acquired the University Square shopping center in Greeley for $20.8 million. W-ADP University Square Owner VII LLC, an entity made up of  Chicago-based Walton Street Capital and Greenwood Village-based Alberta Development Partners LLC, acquired the shopping center from the California-based entity 720 University LLC on June 15, according to public records.

Private-equity real estate investment firm Walton Street Capital and Greenwood Alberta Development Partners co-own and are redeveloping the Foothills Mall. They previously partnered in late 2013 to acquire the Broadlands Marketplace in Broomfield, using the entity…