Village Plaza Shops is a 36,472 square foot retail center located in Greenwood Village, Colorado directly adjacent to the Denver Technological Center in the South Denver submarket. The property consists of 4 buildings, three along DTC Boulevard and one on the north side of the center along East Prentice Avenue. The buildings are similar in size, ranging from 7,794 square feet to 10,207 square feet. Village Plaza has an outstanding line-up of significant tenants. These include nationally recognized brands such as Washington Mutual, Peaberry Coffee, Cingular Wireless, Jason s Deli, Smoothie King, Tin Star and Rumbi. The strong tenancy helps draw traffic to the center increasing tenant sales. In addition, the center is located adjacent to the newly constructed Village Plaza Lofts creating an urban village , with residential, dining and retail components.
The Denver Technological Center is Denver s largest and most prestigious office park, located at the intersection of Interstate 25 and Interstate 225, the metro area s two primary thoroughfares. Commonly known as DTC, the office-centered mixed use development consists of over 14 million square feet of development, including 9.4 million square feet of office space, 3,070 multi-family and 126 single family units, 650- room Marriott hotel, a 450-room Hyatt Regency, a 180 room Wyndham Gardens and a 120-room AmeriSuites. There are approximately 35,000 employees working for over 1,000 companies in the DTC, making it the southeast corridor s largest employment center. This submarket is outperforming the metropolitan Denver retail market as a whole, with a current (3Q05) vacancy rate of 5.2%, compared to 6.2% for the entire market.