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Nova Place, Diagonal Marketplace Sell for $9.25M

Investment Firm Buys Strip Center and Neighborhood Center on Ken Pratt Boulevard
By Diana Parkison
February 24, 2005 | 3:34 P.M.

The investment group RLET Properties Nova Plaza LLC purchased the properties at 980-1020 and 1100 Ken Pratt Blvd. in Longmont. The two shopping centers, known as Nova Place and Diagonal Marketplace, sold for approximately $9.25 million, or approximately $256 per square foot. The properties were fully leased at the time of the sale and featured a 7.5% cap rate.

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