Loveland’s Promenade Shops at Centerra hit the market
LOVELAND — The Promenade Shops at Centerra are for sale.
Commercial real estate firm Jones Lang LaSalle Inc. has the nearly 500,000-square-foot retail center at Interstate 25 and U.S. Highway 34 in Loveland listed for an undisclosed price.
New York-based private equity firm DRA Advisors owns The Promenade Shops, and McWhinney Real Estate Services Inc. developed it.
The site is subject to a lawsuit between McWhinney and former development partner Poag & McEwen Lifestyle Centers-Centerra LLC. The $92 million suit alleges fraud on the part of Poag & McEwen.
McWhinney partnered with…
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