City Market in Breckenridge sells for $49 million; developer shares plans for future of high-use grocery, nearby businesses

The Ofper Partners sold the Parkway Center in Breckenridge, home to the City Market grocery store, on April 25 for $49 million. The Kroger Co., the parent company of City Market, partnered with the Denver-based Kentro Group to buy the center. They plan to renovate the grocery store and honor the current leases for the businesses in the center. Kentro is a developer that specializes in private commercial real estate investment with a focus on retail spaces, such as grocery stores and shopping centers. The developer played a role in...