Market Center sells for $9.55M
The Market Center sale is the latest value-add acquisition for DPC Development Co. The Denver-based firm added to its Colorado Springs holdings with the $9.55 million, or $52.80-per-square-foot, purchase of the 180,000-sf center. C-III, a special servicer, sold Market Center, which also included five out-parcels. “We liked the low price per square foot,” said DPC…
Jolene Wollett
January 20, 2016Alturas at Bell Tower trades for $9.06M
A newly completed Colorado Springs apartment asset sold to an undisclosed buyer for $9.06 million, or $150,917 per unit. An undisclosed buyer purchased the Alturas at Bell Tower, a 60-unit community at 1130 Bell Tower Heights. Constructed in 2013, the property received a significant amount of attention due to its notable upside in rents, condominium-quality…
Jolene Wollett
December 13, 2015Apartment properties trade for $23.6M
A Greenwood Village-based buyer continues to grow its Colorado Springs portfolio, most recently with the purchase of a pair of properties for $23.6 million. Vukota Capital Management paid $18.35 million for the 312-unit Residence at Austin Bluffs and $5.25 million for the 92-unit Chestnut Springs. Both Residence at Austin Bluffs and Chestnut Springs combine historically…
Jolene Wollett
November 29, 2015
