A handful of retail buildings on a corner in Denver’s Berkeley neighborhood have sold for the first time in decades.
44 Lowell Partners LLC, managed by Michael Moylen and John Horvat, paid $3.9 million last week for the one- and two-story buildings at 3535-3537 and 3541 W. 44th Ave., according to public records.
The deal also included the parking lot to the north at 4400 N. Lowell Blvd., records show. Premier Members Credit Union provided financing for the acquisition.
The buildings are home to Denver Bike + Ski Repair, a fitness studio and chiropractor, and the Cafe Brazil restaurant. The site is kitty-corner to a Safeway grocery store.
Moylen is a co-owner of MAG Builders, a Denver-based homebuilder. Horvat founded and owned Archer Development, although state records show that company was dissolved in March. Horvat also owns the building at 3936 Tennyson St. where the outdoor gear shop Feral operates.
Moylen and Horvat did not respond to requests for comment on the purchase.
The property was sold by the Zarlengo family. A Zarlengo family member is named as a co-owner of Cafe Brazil in a 2017 5280 story.