6901 & 6905 South Broadway, Littleton, Colorado. – July 30, 2026 – CBRE arranged the sale of Broadridge Shopping Center, a five-building neighborhood retail center totaling 74,241 sq. ft. in Littleton, Colorado. Greenwood Village-based NexGen Properties acquired the property from Austin-based Artesia Real Estate in an all-cash transaction for an undisclosed price.

CBRE’s Parker Brown, Matt Henrichs, and Brad Lyons represented the seller in the transaction.

“Broadridge presented NexGen Properties with an opportunity to acquire a well-located, retail shopping center at a compelling basis. There simply is not a lot of competitive unanchored retail space along South Broadway,” said Matt Bernstein, vice president at NexGen Properties. “We will benefit from the strong retail fundamentals of Broadridge, including its durable in-place cash flow and affluent surrounding demographics. In addition, our planned modernization project combined with active local management will create long-term value for NexGen Properties. When Parker presented me with the opportunity to acquire a stabilized neighborhood retail center in suburban Denver with upside, it seemed like a no-brainer.”

Broadridge is currently 97.4% leased to fifteen tenants across a diverse range of general retail, service, and experience uses. The property features three junior box spaces currently occupied by local, regional, and national tenants. The balance of net rentable area is occupied by a neighborhood internet-resilient tenant mix with an average shop space size of 2,230 square feet. The property has two remaining small vacancies and a single-tenant pad site currently occupied by Total Wine & Liquor. The average tenant tenure is more than 11 years.

“Broadridge is exceptionally well located with direct visibility to South Broadway,” said Parker Brown, a senior vice president with CBRE. “At 97.4% leased, Broadridge presented a stabilized investment opportunity that aligned with NexGen Properties’ investment thesis. The asset consistently maintained strong occupancy levels during Artesia Real Estate’s hold period due to its strong fundamentals.”

NexGen Properties plans to upgrade the former Safeway-anchored shopping center built between 1978 and 1985. Their renovation project includes façade and end-cap enhancements, fresh paint, renewed signage, and parking lot and lighting upgrades.  NexGen Properties also plans to update some of the existing building systems with the renovation.

"Considering the challenging capital market conditions, NexGen’s ability to acquire Broadridge with all cash set us apart from the other bidders,” said Travis McNeil, president of NexGen Properties. “The neighborhood convenience and family-oriented tenancy will enable NexGen to withstand any potential macroeconomic headwinds. We are confident in our ability to perform on our value-add business strategy and are actively seeking comparable investment opportunities.”

Broadridge is an infill shopping center positioned along one of Denver’s busiest commercial corridors, South Broadway. The property enjoys exceptional visibility at the intersection of South Broadway and Ridge Road, which sees over 44,000 vehicles per day. NexGen was attracted to the local consumer profile: 96,589 residents in a 3-mile radius earn an average household income of 151,429.

New developments within a 2-mile radius of Broadridge include Costco Wholesale, nearly 1,000 apartment units (proposed and under construction), and Downtown Littleton’s $143 million revitalization, “Project Downtown”. The shopping center is positioned to absorb complementary growth from the developments and submarket.

NexGen Properties retained CM Commercial’s leasing team of Mike Lindemann & Caroline Martinez for the leasing assignment. They also retained the existing property management company, Dunton Commercial. “We did not want to disrupt existing long-term tenant relationships. Losing their knowledge and history at the center would have been a detriment to our acquisition and the tenants,” said McNeil.