Marcus & Millichap Inc.
08/31/2026 | Press release | Distributed by Public on 08/31/2026 16:41
Marcus & Millichap Arranges $8.5 Million Off-Market Sale of Wabash Marketplace in Denver
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Marcus & Millichap Arranges $8.5 Million Off-Market Sale of Wabash Marketplace in Denver
August 31, 2026
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DENVER, Aug. 31, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $8.5 million sale of Wabash Marketplace, a 34,846-square-foot neighborhood shopping center adjacent to Cherry Creek Country Club.
"Buyer demand for well-located, unanchored shopping centers like Wabash Marketplace remains strong across Denver, driven by limited new supply, low vacancy and continued rent growth across infill retail centers," said Cory Gross, managing director investments. "The property's adaptable small-bay spaces are particularly well positioned in a segment currently seeing exceptionally strong tenant demand."
Gross, an investment specialist in Marcus & Millichap's Denver office, represented the seller, Wabash Retail LLC, and directly sourced the buyer, James Harris, in the off-market transaction. Harris, a repeat Marcus & Millichap client completing a 1031 exchange, has more than 30 years of experience owning and managing neighborhood shopping centers throughout the Denver metropolitan area.
The property is located at 8400 E. Iliff Ave. and was built in 1983. The shopping center sits on 2.13 acres and features a diverse mix of primarily local and service-oriented tenants, including restaurants, a coffee shop, fitness and beauty businesses and a home décor retailer. The property sold for approximately $243 per square foot.
"Buyer demand for well-located, unanchored shopping centers like Wabash Marketplace remains strong across Denver, driven by limited new supply, low vacancy and continued rent growth across infill retail centers," said Cory Gross, managing director investments. "The property's adaptable small-bay spaces are particularly well positioned in a segment currently seeing exceptionally strong tenant demand."
Gross, an investment specialist in Marcus & Millichap's Denver office, represented the seller, Wabash Retail LLC, and directly sourced the buyer, James Harris, in the off-market transaction. Harris, a repeat Marcus & Millichap client completing a 1031 exchange, has more than 30 years of experience owning and managing neighborhood shopping centers throughout the Denver metropolitan area.
The property is located at 8400 E. Iliff Ave. and was built in 1983. The shopping center sits on 2.13 acres and features a diverse mix of primarily local and service-oriented tenants, including restaurants, a coffee shop, fitness and beauty businesses and a home décor retailer. The property sold for approximately $243 per square foot.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 31, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 31, 2026 at 22:41 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]