Magnetic Capital Acquires Stanley Marketplace in Aurora for $41.15M, JLL Arranges $27.27M Financing

Magnetic Capital has acquired Stanley Marketplace, a 102,125-square-foot adaptive reuse retail destination in Aurora, Colorado, for $41.15 million, with JLL Capital Markets arranging $27.268 million in financing to support the transaction, the firms announced Sept. 8.

JLL represented the seller, Westfield Company Inc., in the sale of the property at 2501 Dallas St. The firm also assisted Magnetic Capital in securing a five-year acquisition loan through a regional bank.

Asset Profile and Tenant Mix

Originally constructed in 1954 as an ejection seat manufacturing facility, Stanley Marketplace has been redeveloped into a community-oriented retail hub spanning a 19.5-acre site. The property is 98% occupied by 54 tenants, with a roster that includes Denver Biscuit Co., Rosenberg's Bagels & Delicatessen, Local Drive and Bounce Gymnastics, among a broader mix of local businesses, dining concepts and entertainment operators.

The $41.15 million purchase price equates to approximately $403 per square foot based on the 102,125-square-foot retail area cited in the transaction. The $27.268 million loan represents roughly 66% of the purchase price, a leverage level consistent with stabilized specialty retail financing in the current environment.

The property has been credited with catalyzing residential development in the surrounding area, including the adjacent 168-unit Stanley House apartment community.

Location and Demand Drivers

Stanley Marketplace sits within the master-planned Central Park neighborhood in Aurora, approximately seven miles from downtown Denver and 14 miles from Denver International Airport. The property is also about three miles from the Fitzsimons Medical Campus, a major employment hub for healthcare and bioscience workers that has contributed to population and income growth in the surrounding area.

JLL described the location as a high-density, affluent pocket of the Denver metropolitan area, with the property's community-hub positioning and curated local tenant mix cited as key investment attributes.

"Stanley Marketplace presented a rare opportunity to acquire an asset with deep community roots, a well curated tenant mix, and highly affluent surrounding demographics," said Jason Schmidt, Managing Director at JLL. "The upcoming park enhancements along Westerly Creek add further momentum to an already strong location."

JLL Team and Transaction Structure

The JLL Capital Markets investment sales team was led by Managing Director Jason Schmidt and Senior Director Austin Snedden. JLL's Debt Advisory team, led by Senior Managing Director Leon McBroom and Senior Director William Haass, arranged the five-year bank financing on behalf of the buyer.

Denver-based Magnetic Capital describes its investment focus as real estate assets that are overlooked or undervalued by traditional investment firms. The company's management team draws on experience across acquisitions, development, capital markets and asset management.

Westfield Company Inc., the seller, is a Denver-area developer with more than 30 years of activity in the local market and a portfolio that has exceeded seven million square feet across office, industrial, residential and entertainment-based retail properties.

Market Context

The transaction reflects continued investor appetite for well-leased, experiential retail assets in supply-constrained urban infill locations. Denver-area retail cap rates have averaged in the mid-6% range in 2026, with Aurora-area assets tracking near 6.0%. Stanley Marketplace's near-full occupancy, destination positioning and strong surrounding demographics place it among the higher-quality assets in the metro retail market.

The adaptive reuse format — converting a mid-century industrial building into a locally curated marketplace — has drawn sustained interest from investors seeking differentiated retail exposure as the broader sector continues to bifurcate between commodity strip centers and community-anchored destinations.