Thornton, Colorado, January 8, 2026
Continental Realty Corp. (CRC), a Baltimore-based real estate firm, has made its debut in Colorado’s retail market by acquiring Thornton Town Center for $25.5 million. This significant purchase comprises a 266,000-square-foot shopping center located near Denver, enhancing CRC’s strategy of investing in high-traffic residential and retail areas. The center, which features a range of tenants including entertainment venues and restaurants, is currently 73% leased, and CRC plans to further improve its market position.
Baltimore-Based CRC Expands to Colorado with $25.5 Million Acquisition
Baltimore, MD – Continental Realty Corp. (CRC), a Baltimore-based real estate investment and management company, has expanded into the Colorado retail market by acquiring the Thornton Town Center in the Denver area for $25.5 million. This acquisition marks CRC’s entry into the Colorado market and aligns with its strategy of investing in densely populated residential and robust retail corridors.
Details of the Acquisition
The Thornton Town Center, located at 9223-1001 and 1005 Grant Street in Thornton, Colorado, is a 266,000-square-foot neighborhood shopping center situated approximately 11 miles north of Denver. The center, which opened in 1990 on a 24-acre site, is anchored by entertainment and recreation tenants such as Malibu Jack’s, The Picklr, and Sky Zone Trampoline Park. Additional retailers and restaurants include GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty, and Starbucks Coffee. The center is currently 73% leased, with plans for property improvements to enhance long-term value and market position. CRC aims to lease the available space and leverage the recent addition of an indoor theme park to attract more visitors. The center’s proximity to major retailers like Walmart Supercenter and The Home Depot contributes to its high traffic, with over 5 million visits in the past year, placing it among the top nine percent of community shopping center destinations in Colorado. CRC’s interest in the property was fueled by the opportunity to add value through leasing available space and enhancing the asset’s market position.
CRC’s Expansion Strategy
CRC’s expansion into Colorado is part of its broader strategy to diversify its portfolio and enter new markets. The company has previously expanded into other regions, including suburban Chicago, where it acquired a portfolio of five shopping centers comprising over 900,000 square feet of gross leasable area. CRC’s entry into the Colorado market is expected to strengthen its presence in the retail sector and provide opportunities for future growth.
About Continental Realty Corp.
Continental Realty Corp. is a privately held real estate investment and management company based in Baltimore, Maryland. The company is active in 15 states with more than $4.2 billion in assets under management. CRC specializes in acquiring and managing retail and residential properties, focusing on high-quality assets in densely populated residential and robust retail corridors.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Location | Thornton, Colorado, approximately 11 miles north of Denver |
| Size | 266,000 square feet |
| Opening Year | 1990 |
| Anchor Tenants | Malibu Jack’s, The Picklr, Sky Zone Trampoline Park |
| Additional Retailers | GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty, Starbucks Coffee |
| Leasing Status | 73% leased |
| Acquisition Price | $25.5 million |
| CRC’s Assets Under Management | Over $4.2 billion |
Frequently Asked Questions (FAQ)
What is the Thornton Town Center?
The Thornton Town Center is a 266,000-square-foot neighborhood shopping center located at 9223-1001 and 1005 Grant Street in Thornton, Colorado, approximately 11 miles north of Denver. Opened in 1990 on a 24-acre site, it features entertainment and recreation tenants such as Malibu Jack’s, The Picklr, and Sky Zone Trampoline Park, along with retailers and restaurants like GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty, and Starbucks Coffee. The center is currently 73% leased.
What are CRC’s plans for the Thornton Town Center?
CRC plans to implement a property improvement strategy designed to enhance long-term value and augment the asset’s market position. This includes leasing available space, leveraging the recent addition of an indoor theme park, and taking advantage of the traffic generated by nearby anchor tenants like Walmart Supercenter and The Home Depot.
How does this acquisition fit into CRC’s expansion strategy?
The acquisition of the Thornton Town Center aligns with CRC’s strategy of investing in densely populated residential and robust retail corridors. It marks CRC’s entry into the Colorado market and is expected to strengthen its presence in the retail sector, providing opportunities for future growth.
What is Continental Realty Corp.?
Continental Realty Corp. is a privately held real estate investment and management company based in Baltimore, Maryland. Active in 15 states with more than $4.2 billion in assets under management, CRC specializes in acquiring and managing retail and residential properties, focusing on high-quality assets in densely populated residential and robust retail corridors.
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