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Colorado Avalanche and Denver Nuggets Owner Expands Colorado Real Estate Empire

Announced in The Denver Business Journal, Stan Kroenke has acquired a 4.7-acre retail center in Douglas County for $11.13 million. The 44,898-square-foot Lone Tree Commons shopping center was purchased by the Kroenke Group for $247.78 per square foot.

In December, Kroenke also acquired the Writer Square retail and office complex in downtown Denver for $96 million. Kroenke’s other investments in the Colorado market include soccer's Colorado Rapids and his Kroenke Sports & Entertainment owns the Pepsi Center, Paramount Theatre and Dick's Sporting Goods Park.

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