Continental Realty Corporation Buys Quebec Village in Centennial for $31 Million

BALTIMORE, MD — Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company, has acquired Quebec Village Shopping Center in Centennial, Colorado, for $31 million, the firm announced Nov. 5, 2026. Kensington Development Partners sold the property, and CBRE's Brad Lyons represented the seller.

The 125,000-square-foot center at 8223 South Quebec Street is CRC's second retail property in the greater Denver area. It joins Thornton Town Center, a 266,000-square-foot center the company purchased earlier this year.

Quebec Village Shopping Center Deal Details

The $31 million price equates to approximately $248 per square foot. Built in 1988, Quebec Village sits at the signalized intersection of South Quebec Street, which carries more than 25,000 vehicles per day, and East County Line Road, which carries more than 32,000 vehicles per day. The property lies within the Park Meadows trade area.

The center is near national retailers including The Home Depot, HomeGoods, IKEA, Ross Dress for Less, Sam's Club and Walmart. Current tenants include national brands such as Chase Bank, GNC and Starbucks Coffee. The center also includes a 43,000-square-foot space leased to Amazon Grocery that is currently dark.

CRC cited more than 43,500 square feet of space available for lease at the property.

Continental Realty Corporation Executives on the Strategy

"Quebec Village Shopping Center presented the rare opportunity to acquire an irreplaceable asset in a high-barrier Denver retail corridor at a significant discount to replacement cost," said Josh Dinstein, CRC's Co-Chief Investment Officer. "Denver is a top MSA (metropolitan statistical area) featuring nearly three million residents and, with more than 43,500 square feet of space currently available for lease, there is tremendous optionality to significantly transform the tenant roster and add substantial long-term value. Adding a second asset locally in the Denver submarket creates operational efficiencies and strengthens our regional leasing relationships."

Kristina O’Keefe, SVP, Retail Operations, said the vacant anchor space presents a leasing opportunity. "The vacant anchor space gives us an opportunity to introduce new uses that complement the existing tenants and serve the Centennial community," O’Keefe said. "Our in-house leasing team will draw on CRC’s retail relationships to attract a mix of retailers, restaurants and service providers that gives people more reasons to visit Quebec Village Shopping Center."

Denver Retail Market Data and Trade Area Demographics

According to Placer.ai, a third-party research group that tracks consumer visits, foot traffic at the Starbucks at Quebec Village ranks in the 98th percentile in Colorado. That figure is a store-level measure and does not reflect overall center occupancy or sales.

More than 230,000 people live within a five-mile radius of the center, and the daytime population includes nearly 220,000 workers, including those employed at the nearby Denver Tech Center. Data research company Esri projects household growth of more than 5.4 percent and median household income growth of more than 14 percent over the next five years. The Denver MSA ranks among the top 20 U.S. metropolitan areas by population.

Continental Realty Corporation's Denver Platform and Retail Acquisitions

Quebec Village is CRC's second Denver-area retail purchase. The company bought Thornton Town Center, a 266,000-square-foot power center, for $25.5 million in December 2025. Together, the two properties total approximately 391,000 square feet of Denver-area retail space and roughly $56.5 million in announced acquisition cost.

CRC said it has acquired approximately $1 billion worth of retail real estate since the start of 2021. Founded in 1960, the privately held, vertically integrated company specializes in the acquisition and operation of retail and multifamily properties. It reports a national portfolio of more than 10 million square feet of retail space and more than 10,000 apartment homes across 16 states, with approximately $5 billion in assets under management.

Outlook for the Centennial Retail Property

With the dark Amazon Grocery space and additional available square footage, CRC's plan for Quebec Village centers on re-tenanting. The company said its in-house leasing team will pursue retailers, restaurants and service providers for the center, and that holding two Denver-area assets is expected to produce operational efficiencies and strengthen regional leasing relationships.

Sources

Continental Realty Corporation press release, Nov. 5, 2026