Grocery-anchored and neighborhood retail centers don’t often make headlines, but their performance speaks for itself. In a world of economic uncertainty, these essential, habit-driven assets offer surprising resilience and staying power. Here’s why they deserve a closer look.
Read how the ACD Core Plus Fund is structured to support after-tax performance through consistent income generation, disciplined asset selection, and tax-aware portfolio design. It reflects our current positioning and approach to delivering durable, investor-aligned results over time.
We're excited to announce the grand opening of our brand-new BriteLock Storage facility in Buckeye, AZ.
Following four months of construction, ACD has successfully delivered a 20.3-acre pad to Walmart for the development of a new Supercenter in Eagle Mountain, Utah.
Adapting to thrive in a changing landscape: "Physical retail spaces have not only endured but thrived, showcasing an arguably unrivaled adaptability."
ACD today announced that Einstein Bagels has inked a new long-term lease at its Fry’s Shops retail center in Mesa, Arizona. The fast casual bagel favorite is expected to open at 1229 E. McKellips Road in 2025. James DeCremer of Avison Young brokered the deal on behalf of ACD.
ACD is pleased to announce that Total by Verizon is set to join its Belleview Connection retail center in Littleton, Colorado. The wireless mainstay’s no-contract concept is expected to open at 2745 W. Belleview Ave in early 2025. Total by Verizon will complement a well-rounded stable of daily needs retailers including Planet Fitness, Advance Auto Parts, Dollar Tree, and many others.
ACD is thrilled to announce that we have shovels in the ground for our Walmart Supercenter in Eagle Mountain, Utah. With the acquisition of a 20.3-acre parcel in the vibrant Provo-Orem market, ACD is set to develop a prime retail destination.
Denver, CO – April 19, 2024 - ACD today announced that it has successfully acquired 700 West 48th Avenue, a 77,222 square foot, small bay industrial property located in North Central Denver. ACD purchased the Class A property from a private company in a transaction facilitated by Jeremy Ballenger of CBRE.
Eagle Mountain, UT – April 17, 2024 – ACD announced today that it has successfully launched its next Utah project with the acquisition of a 20.3-acre land parcel slated for retail development in the greater Provo-Orem market. ACD will develop the ground as a pad-ready site for Walmart in connection with a joint development project that will ultimately see the rise of a 200,000 square foot Walmart Supercenter as well as a Walmart fueling station / C-store.
ACD announced today that it has launched its latest metro area redevelopment project with the acquisition of a 1.5-acre infill site at 5595 N Federal Boulevard in Denver, Colorado. ACD purchased the property from a private development company in a transaction facilitated by Marcus & Millichap.
In 2006, Greg and Jarrett Armstrong founded Armstrong Capital Development out of a small shared office space to provide investors with access to private commercial real estate on the Colorado Front Range. With a focus on local, hands-on investing, they set out to earn a reputation for proven performance and adherence to the highest standards of diligence and service.
ACD announced today that it has successfully closed on the acquisition of Central 70, an 11.5-acre infill industrial site in Denver. ACD purchased the property from a private owner in an off-market transaction arranged by CBRE. ACD completed the acquisition on behalf of its ACD Fund IV, LP opportunity fund.
ACD's groundbreaking project in Buckeye, Arizona of a climate-controlled self-storage facility is well underway. The dedicated team has been working tirelessly, around the clock, to ensure the seamless progression of this venture. The building pads have been successfully laid, marking a crucial phase completion. The commencement of framing solidifies the tangible manifestation of the envisioned storage facility.
Denver, CO – ACD is excited to announce the rebranding of its self-storage platform to Britelock Storage, unifying its growing self-storage portfolio under a new name, distinctive logo, and bold color scheme designed to elevate brand identification and consumer appeal. With Britelock Storage, ACD will accelerate its growth in the self-storage market with an emphasis on premium asset management, consumer satisfaction and enhanced brand reputation.
ACD is thrilled to announce the groundbreaking of our state-of-the-art climate-controlled self-storage unit at 40 W Las Vegas in Colorado Springs. Our prime location near downtown ensures convenient access, meeting current storage needs, and aligning with future expectations.
Denver, Colorado – ACD is excited to announce that quick-serve wing favorite Wingstop will soon join Eastridge Plaza in Aurora, Colorado. The fast casual restaurant is expected to open at 3095 South Peoria Street in 2024.
Denver, CO — ACD today announces that it has acquired a portfolio of Class A neighborhood retail buildings at Durango Town Center, a Walmart Supercenter-anchored shopping center in Durango, Colorado. The sale included three multi-unit buildings totaling 41,813 square feet of retail space prominently located on Durango’s Camino del Rio commercial corridor. The property was 98% occupied at closing.
Shovels went in the ground this week for a state-of-the-art self-storage facility in Buckeye, Arizona. This project marks the birth of a Class A self-storage property that will provide approximately 86,456 square feet ground level, climate-controlled and outdoor drive-up units. This facility is designed to cater to a diverse range of storage needs.
We are excited to unveil our new ACD logo as part of the ongoing evolution of our brand. The new look modernizes our legacy design to bring sharp focus to our passion: building lasting value for our investors.
ACD hosted its annual Opportunity Funds Update on Wednesday 8/23. We were excited this year to hold the event for the first time on a live webcast, allowing the team to present project and market updates in greater detail than ever before.
ACD is pleased to announce that it has successfully closed on the sale of a multi-tenant outpad building at its Belleview Connection retail center in Littleton, Colorado.
Denver, CO — Armstrong Capital Development (“ACD”) today announced the acquisition of FreeUp Storage at Aspen Park in Conifer, Colorado. Located across the street from a well-performing King Soopers in Conifer’s Village at Aspen Park, the facility offers 25,623 square feet of rentable square feet across 194 traditional, non-climate-controlled drive-up units. The facility is currently 99% occupied.
Denver, Colorado – Armstrong Capital Development, LLC (ACD) today announced it has entered into a ground lease with 7 Brew Drive Thru Coffee at Potomac East in Aurora. The coffee franchise intends to construct a new drive through stand on a finished pad to be delivered by ACD and is expected to open at the new location in 2024.
Armstrong Capital Development, LLC announces that Snarf’s Sandwiches will soon open a new location at Eastridge Plaza in Aurora, Colorado. The award-winning, family-owned sandwich concept is expected to open at 3095 South Peoria Street before the end of the year.
Denver, Colorado - Armstrong Capital Development (ACD) has announced the sale of a two-building retail outpad in Littleton, Colorado to a private capital buyer. Located at The Belleview Connection, adjacent to the northeast corner of West Belleview Avenue and South Federal Boulevard, the Class-A multi-tenant retail buildings totaled approximately 7,300 square feet of gross leasable area and were 100% leased at the time of sale. Matthew Henrichs with CBRE arranged the transaction.
Denver, Colorado - Armstrong Capital Development (ACD) has announced the sale of Parker Keystone in Parker, Colorado to a publicly traded REIT. Located at the intersection of South Parker Road and Lincoln Avenue, the Class-A multi-tenant retail center was 100% leased at the time of sale. Cory Gross with Marcus & Millichap arranged the transaction.
Denver, CO — Armstrong Capital Development (“ACD”) today announced the acquisition of a 4.29-acre land parcel for development in the Phoenix submarket of Buckeye, Arizona for $3.4 million. ACD plans to complete the development of a new self-storage facility at the site.
Denver, CO - Armstrong Capital Development (ACD) announced today it has completed the sale of two multi-unit retail buildings to a private capital buyer for $8.5 million, representing a blended cap rate of 6.1%. Completed in September 2022, the newly constructed buildings comprise 15,760 square feet of 100% occupied small shop retail space prominently located at ACD’s Sand Hill Shopping Center in Colorado Springs’ Claremont Ranch neighborhood.
Denver, CO — Armstrong Capital Development (“ACD”) today announced the acquisition of Britelock Storage - South Weber in Ogden, Utah. Developed in 2004, the facility offers 26,060 square feet of net rentable square feet across 136 traditional, non-climate-controlled drive-up units and is conveniently located near Highway 89. The facility is currently 98% occupied.
Denver, CO - Armstrong Capital Development (ACD) announced today it has completed the sale of a 1.8-acre retail parcel at its Sand Hill Shopping Center in Colorado Springs to Eastern Colorado Bank. The buyer plans to develop at the site an approximately 3,400 square foot community branch with drive thru facilities. The land commanded a sales price of $2.0 million or approximately $25psf.
Retail follows rooftops might be one of the real estate industry's oldest clichés, yet it explains why the InterQuest area in northern Colorado Springs and the Powers Boulevard corridor on the east and northeast sides have become the Pikes Peak region's hottest commercial hubs. Scores of restaurants, stores, hotels, entertainment uses and the like have flocked to the areas, enticed by thousands of homes and apartments built in nearby neighborhoods over the last 20-plus years.
Denver, Colorado – Armstrong Capital Development, LLC has today announced that it has signed a lease agreement with Sports Clips Haircuts at its Sand Hill retail center in Colorado Springs. The popular sports-themed haircutting franchise is expected to open at 7875 Silicon Heights in fall 2022.
Denver, Colorado - Armstrong Capital Development (“ACD”) today announced the acquisition of 225 Self-Storage in Aurora, Colorado. Situated at 13790 E. Mississippi Avenue, the single-story facility offers 31,948 rentable square feet of 100% climate-controlled units and an additional enclosed lot for vehicle storage.
Armstrong Capital Development (ACD) announced today that it has recently closed the sale of a 4,500 square foot single-tenant retail restaurant building in the suburban Phoenix community of Laveen Village, Arizona. Net leased to McDonald’s, the nation’s largest fast-food franchise, the asset sold at a 3.16% cap rate.
Denver, Colorado – Armstrong Capital Development, LLC is pleased to announce that it has entered a long-term lease with Integrity Medical Systems for a medical retail facility at Belleview Connection in Littleton, Colorado. ACD will convert approximately 10,000 square feet of flex retail-industrial space for the diagnostic imaging equipment provider’s sales operations. Integrity Medical is expected to open at the center in October 2022.
Denver, Colorado – Armstrong Capital Development, LLC has today announced that it has leased the last remaining available space at its Sand Hill Phase I multi-tenant retail building in Colorado Springs to Teriyaki Madness. The fast casual Asian restaurant is expected to open for business at 7895 Silicon Heights in winter 2022. ACD expects to wrap construction on the center’s Phase II multi-unit retail building this summer and is actively marketing its remaining available retail space.
Denver, Colorado - Armstrong Capital Development (ACD) today announced the sale of an 80,400 square-foot self-storage facility to an institutional buyer. The best-in-class facility was 96% occupied at closing.
Denver, Colorado - Armstrong Capital Development (ACD) is pleased to announce the sale of 2305 South Colorado Boulevard (the Property) in Denver, Colorado for $5.5 million. The multi-unit retail building was originally acquired in 2015 via ACD’s opportunity fund ACD 2013 Fund, LP. The Property was 100% leased at the time of sale and marks the seventh property sold by ACD in the last twelve months, totaling approximately $55.4 million in transaction volume.
Denver, Colorado - Armstrong Capital Development (ACD) has announced today that it has closed the sale of Plaza 7120, an 11,500 square foot, multi-story office and retail building in Highlands Ranch, Colorado. CBRE represented the seller in the sale of the property to a confidential private capital buyer.
Denver, Colorado - Armstrong Capital Development (ACD) is pleased to announce the sale of Hilltop Commons at the Meadows (Hilltop Commons) in Castle Rock, Colorado to a private capital buyer. Located at the intersection of Meadows Parkway and Limelight Avenue, the 10,700 square foot multi-tenant retail building was 100% leased to seven tenants at the time of sale. Hilltop Commons is ACD’s second development in Castle Rock’s The Meadows master planned community.
Denver, Colorado – Armstrong Capital Development, LLC announces today that it has entered a lease with Nékter Juice Bar for an inline unit at Shops at Laveen Village in Laveen Village, Arizona. The award-winning modern juice bar concept is scheduled to open at 5130 West Baseline Road in summer 2022.
Denver, CO (March 4, 2022) — Armstrong Capital Development (“ACD”) announces it has completed the purchase of Shops at Laveen Village, four retail parcels located in Laveen Village, Arizona, for $20.6 million. “This latest acquisition is consistent with our strategy to acquire high quality, complementary retail assets with strong tenant rosters and superb locations,” said Josh Katzer, Partner and Director of Development at Armstrong Capital Development. “As a core asset that we believe possesses all of the needed features for long-term value, Laveen Village makes a terrific addition to our portfolio.”
Armstrong Capital is pleased to announce the execution of a new lease for Onus IV Hydration at its Hilltop Commons shopping center located at the southeast corner of Meadows Parkway and Limelight Avenue in the town of Castle Rock, CO. Onus IV Hydration is joining existing tenants: Heartland Dental, Orange Theory Fitness, Home Care Assistance, and others, putting the center at 100% occupancy.
Denver, Colorado - Armstrong Capital Development (ACD) is pleased to announce the recent sale of a 12,450 square foot Gerber Collision & Glass automotive repair center located at 2228 South Colorado Boulevard in Denver. The sale concludes a five-year investment designed to capitalize on the property’s high-profile location, strong credit tenancy and ongoing buyer appetite for stabilized, Class A commercial investment opportunities. ACD completed the transaction on behalf of its ACD 2013 Fund, LP.
Denver, Co. - Armstrong Capital Development, LLC (“ACD”) has acquired Eastridge Plaza, a multi-unit retail center located at 3005 & 3095 S. Peoria Street in Aurora, Colorado. Located at the heart of Aurora’s Nine Mile Urban Renewal Area, the infill property is set for renovation in 2022.
Denver, CO - Armstrong Capital Development (ACD) is pleased to announce the sale of Sand Hill Dental Care (the Property), a 4,000 square foot net-leased single-tenant medical building located at ACD’s Sand Hill shopping center in Colorado Springs, Colorado. Leased to Heartland Dental, the nation’s largest dental support organization, the newly constructed asset sold at a 5.25% cap rate to a local private investor on November 5, 2021.
Denver, Colorado – Armstrong Capital Development, LLC announces it has negotiated a ten-year lease with Marco’s Pizza at The Belleview Connection. The rapidly expanding Ohio-based pizza brand is expected to open at 2731 West Belleview Avenue in Littleton, Colorado in 2022.
Denver, Colorado – Armstrong Capital Development, LLC announces that Modern Margarita will soon open a new location at The Plant Shops in Chandler, Arizona. The ten-year deal, brokered on behalf of Armstrong by the Common Bond Development Group, is for a 2,555 square foot end cap unit with an additional 1,100 square feet of planned patio dining. The gourmet small plate Mexican concept is expected to open at 4165 South Gilbert Road in 2022.
Armstrong Capital is pleased to announce the execution of a new lease for F45 Training at its Parker Keystone shopping center located at the southeast corner of S Parker Rd and Lincoln Ave in Parker, CO. The addition of F45 to join existing tenants Wingstop, Dunkin’ Donuts, and Tokyo Joe’s among others, will put the center at 100% occupancy.
Denver, Colorado – Armstrong Capital Development, LLC announces today that it has entered a ten-year lease with quick-serve wing favorite Wingstop for a 1,400 square foot inline unit at The Belleview Connection in Littleton, Colorado. The fast casual restaurant is expected to open at 2729 West Belleview Avenue in spring 2022.
Denver, Colorado (September 21, 2021) - Armstrong Capital is pleased to announce the execution of a new lease with Blazin Wings, Inc for a Buffalo Wild Wings GO store @ Lafayette Crossings located at the corner of Hwy 287 and South Boulder Rd in Lafayette, CO.
Phoenix, AZ (July 29, 2021) — Newmark Knight Frank (“Newmark”) announces it has completed the sale of The Plant Shops North and South, two adjacent shopping centers in Chandler, Arizona, for $18.3 million.
Provo, UT - Armstrong Capital Development (ACD) is pleased to announce the recent sale of Parkway Village, a 102,000 square foot, Walmart-anchored shopping center located at 2255 N University Pkwy in Provo. The sale follows ACD’s completion this spring of a value-add redevelopment program designed to leverage the property’s high-profile location, marquee tenancy and strong buyer appetite for stabilized, Class A retail investment opportunities. Brad Lyons of CBRE was the transaction broker
Denver, CO – Armstrong Capital Development (ACD) has made an additional retail acquisition in the Denver metro with the recent closing of a two-tenant asset located at 16981 E Iliff Ave in Aurora, CO, further expanding ACD’s growing portfolio of commercial assets in the Western US.
A multitenant shopping center in Arvada sold for $10.6 million. A Missouri-based investor acquired Arvada Connection and will handle tenant leasing at the property.
Armstrong Capital Development LLC (ACD) made its second Arizona acquisition, acquiring 20,548 square feet of retail shadow space in Mesa, AZ.
Armstrong Capital Enters Utah, Buys 102K-SF Parkway Village retail center, anchored by Walmart Neighborhood Marketplace
Armstrong Capital Development has acquired Parkway Village, a 102,000-square-foot retail center in Provo, Utah. Armstrong bought the property from Nearon Enterprises. This is its first acquisition in the market.
Armstrong Capital Development made its first buy in Utah, acquiring the 102,000-square-foot Parkway Village in Provo. The Denver buyer struck the deal with seller Nearon Enterprises of California. Tom Goodwin with Parr Brown Gee & Loveless represented ACD in the transaction.
Armstrong Capital Development, LLC (“ACD”), a Denver-based private equity real estate investment, development and management company announced it has acquired The Shops at Union Hills, a 9,700 SF retail shopping center located on 1.29 acres in the greater Phoenix metro suburb of Glendale, Arizona. ACD purchased the property from Georg-Liesl Land Management Company LLC in July for $5,050,000.
Highly sought-after 100% occupied multi-tenant retail strip center in Glendale, AZ is shadow-anchored by two prominent retail giants, Walmart and Sam’s Club.
A 56,000-square-foot retail shopping center located on 5.85 acres in Arvada has sold for $17.5 million.
Chick-fil-A, Chase Bank, Taco Bell, IHOP and Sherwin Williams are tenants at Arvada Connection, a 56,000-square-foot retail center in metro Denver
Armstrong Capital Development, LLC has acquired Arvada Connection, a 56,000 SF retail shopping center
The Centennial Square shopping center, across Belleview from Home Depot and home to Dollar Tree and Dairy Queen, is adding a sizable new building as part of an overhaul by its new owners.
Armstrong Capital Development, LLC announces the acquisition of a prominent, 9.7-acre parcel for the development of Sand Hill, a planned commercial retail shopping center located at the northeast corner of Marksheffel Road and Constitution Avenue in Colorado Springs
