New Owners to Renovate Lamar Station Plaza
Lakewood residents can expect upcoming improvements to the plaza's parking lot, roof, and exterior signage.
Updated on Oct. 30, 2026 in Commercial
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When new companies acquire your local shopping centers, do you expect to see improvements?
Core Acquisitions and Midloch Investment Partners have purchased the 271,632-square-foot Lamar Station Plaza in Lakewood for $30.25 million. The shopping center, currently 76% occupied, serves as the home to the iconic Casa Bonita restaurant.
Why it matters
The change in ownership for this major commercial property on W. Colfax Ave. signals a new phase for local retail infrastructure as the buyers prepare to launch significant site improvements. These updates are expected to enhance the property's utility for surrounding neighborhood residents and local businesses.
The 271,632-square-foot shopping center at 6431 W. Colfax Ave. was acquired for $30.25 million, significantly higher than its $8 million acquisition price in 2014. The property maintains a 76% occupancy rate as it moves under new ownership.
The players
Core Acquisitions
An Illinois-based investment firm focused on acquiring and repositioning commercial real estate assets.
Midloch Investment Partners
A private equity firm that partners on commercial real estate investments across the United States.
Broad Street Realty Inc.
A commercial real estate firm that previously held the property for over a decade before this sale.
Casa Bonita
A historic, 1,100-seat destination restaurant known for its 30-foot waterfall and frequent diver performances.
Cushman & Wakefield
A global real estate services firm that brokered the sale of the plaza.
The details
The new owners, based in Illinois, secured a mortgage loan through Old National Bank to finance the purchase of the landmark Lakewood property. Planned enhancements include comprehensive roof replacements, parking lot upgrades, and refreshed exterior signage and façade work. Management also intends to increase regular property maintenance and sweeping services to improve the site's overall appearance and function for visitors.
Timeline
2014: Broad Street Realty Inc. acquired the property.
October 2026: Core Acquisitions and Midloch Investment Partners purchased the plaza.
The Home Front
This sale reflects a broader trend of increased commercial investment along the West Colfax corridor following the high-profile 2023 reopening of neighboring attractions. The transition of the property signals a focus on modernizing aging retail inventory to support shifting local consumer demand.
Nearby residents should expect construction activity on the property as the new owners begin roof and parking lot improvements. You can track the site's progress by monitoring the plaza's official signage for updates on business accessibility and upcoming changes.
The takeaway
Large-scale commercial shifts can bring improved infrastructure and maintenance to your local shopping areas over time. Keep an eye on local permit filings or community notices to stay informed about scheduled renovations that might affect traffic or access to your favorite neighborhood spots.
Further reading
For more on how local business developments affect your neighborhood, see Commercial.
Source note: This article includes information reported by The Denver Post.
Live Poll
When new companies acquire your local shopping centers, do you expect to see improvements?
