Veteran real estate investors Spencer Pariser and Derek Conn have announced the merger of their respective firms, Strat Ventures and Zeme Capital. Now operating under ZS Capital Partners, the new firm, in partnership with ELKCO Properties, recently closed on the acquisition of 300 East Alameda Ave., a 20,000-square-foot retail center in the heart of Denver’s West Washington Park neighborhood, in an off-market transaction for $8.3 million.
Located on the southwest corner of Alameda Ave and Logan St., the highly trafficked retail center will be renovated and repositioned to accommodate a variety of new retail offerings.
“We specialize in identifying assets that carry an outsized potential for success, and this retail center undoubtedly meets all our investment criteria,” said Conn. “By joining forces to create ZS Capital Partners, we hope to leverage our combined skill sets and resources to continue adding long-term value to communities across Denver and surrounding submarkets.”
ZS Capital Partners is excited to collaborate with ELKCO Properties who through their affiliate, TRYBE Property Management, will also be managing the property for the partnership. ELKCO Properties is a Denver-based real estate development and management company that has created a portfolio of assets that total more than $500 million of retail, mixed-use, multifamily, and industrial properties. ELKCO recently developed the Logan Collection, which sits less than a mile away from 300 East Alameda and consists of retail, office, and multifamily.