DENVER, CO – [January 9, 2026] – Blue West Capital is pleased to announce the successful sale of Pub on Pearl Shops, a 6,876-square-foot neighborhood retail center located at 1101–1115 South Pearl Street in Denver’s highly sought-after Washington Park neighborhood. This transaction marks the fourth South Pearl Street property sold by Blue West Capital within the past 18 months. The property sold for $2,510,000.
Josh Lorenzen and Robert Edwards of Blue West Capital represented the seller, a group of local real estate investors. The buyer was a Denver-based investor. The transaction was not part of a 1031 exchange.
At the time of sale, the property was 59% occupied, with the vacancy comprising the former Pub on Pearl restaurant and bar space. Combined with below-market in-place rents, the asset offered clear value-add upside through lease-up and rent growth. A new tenant, Dry Dock Brewing, has been secured and is expected to commence build-out shortly (see article below).
The property attracted strong interest from a broad buyer pool, including value-add investors, developers, and owner-users. Ultimately, the asset sold for 94% of list price following a competitive marketing process.
Retail assets along South Pearl Street continue to draw deep and diverse buyer demand. This offering generated significant interest from groups seeking walkable, service-oriented retail in irreplaceable neighborhood locations. The ability to re-tenant the former pub space and mark rents to market made this a compelling investment despite a low in-place cap rate.
Josh Lorenzen, Associate
Pub on Pearl Shops is positioned at the southwest corner of South Pearl Street and East Mississippi Avenue, directly adjacent to Whole Foods Market, which generates more than 568,000 annual visits. The surrounding South Pearl Street corridor is characterized by high household incomes, limited retail vacancy, and a strong mix of local restaurants, boutiques, and service-based tenants.
Blue West Capital advised ownership throughout the entire process, including lease strategy, liquor license transfer coordination, rent roll structuring, and pricing guidance to maximize sale proceeds.
Blue West Capital currently has additional off-market retail opportunities along South Pearl Street and in similar high-barrier Denver submarkets.
PR Contact
Josh Lorenzen
(720) 821-2520
Josh@BlueWestCapital.com
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