BY FREDA MIKLINGOVERNMENTAL REPORTER
An entity associated with Stan Kroenke bought the 5-acre Belleview Promenade shopping center at 8000 E. Belleview Avenue in Greenwood Village late last month, according to businessden.com. At press time, the transaction was still too recent to be confirmed in the public records of Arapahoe County.
The Belleview Avenue property last changed hands in Aug. 2013 when it was purchased by L & B Realty Advisors for $36.1 million. Kroenke is reported to have paid L & B $49 million for the shopping center, which is home to Ocean Prime, the Original Pancake House, Il Fornaio Italian restaurant, Bar Louie, Bara Sushi, and Larkburger, as well as Homer Reed Ltd. and Tribute Barbershop Lounge. It also contains an always-busy Starbucks.
Kroenke, whose Kroenke Sports and Entertainment (KSE) owns a controlling interest in three of Colorado’s major sports teams, the Denver Nuggets, Colorado Avalanche, and Colorado Rapids soccer team, also owns major parcels of local real estate, including the Pepsi Center and Dick’s Sporting Goods Park in Commerce City, where his three Colorado sports teams play. Football’s Los Angeles Rams are also part of the KSE sports empire.
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