Partnership to acquire, finish The Offices at Victory Ridge

A partnership is set to bring a Colorado Springs office property across the finish line. Tulsa, Oklahoma-based Carpathia and Colorado Springs based Mission Hill Capital have gone under contract on The Offices at Victory Ridge. The unfinished office property, located at 10855 Hidden Pool Heights, at the intersection of Voyager and Interquest parkways in northern…

Jennifer Hayes

September 15, 2019

Kaiser leases 25,000 sf of MOB space

Kaiser Permanente leased 25,000 square feet of space in Colorado Springs – one of the largest medical office leases in the city in years. The lease by Kaiser at Premier Health Plaza at 3920 N. Union Blvd. represents the first medical lease of this size in Colorado Springs in more than three years, noted Ted…

Jennifer Hayes

September 8, 2019

The Presidio office sells for $12.29M

An Idaho-based real estate investment company expanded its Colorado presence with its purchase of The Presidio.

Jennifer Hayes

August 19, 2019

Mixed-use Cottonwood Square sells for $9 million

GSI Enterprises Inc. paid $152.09 per square foot for Cottonwood Square, a 59,175-sf retail, office and medical property at 2809-2873 Dublin Blvd. and 6455 N. Union Blvd.

Jennifer Hayes

August 12, 2019

Lincoln Springs sells to buyer making second buy in city

A buyer making its second purchase in Colorado Springs purchased an “untouched” value-add opportunity. Monarch REI LLC paid $19.5 million, according to public records, for the 180-unit Lincoln Springs Apartments at 1170 S. Chelton Road. “Our buyer is very excited about the addition of this value-add apartment complex to their portfolio. They plan on making…

Jennifer Hayes

July 28, 2019

Partnership pays $41.15M for Springs apts.

A sought-after pair of valueadd apartment communities sold to a partnership making its first purchase in Colorado Springs. The Bascom Group LLC and an affiliate of The Axton Group acquired the Summer Grove Apartments and Tanglewood Apartment Homes. Summer Grove and Tanglewood were built in 1971 and 1972, respectively, and are located at 3802 and…

Jennifer Hayes

July 19, 2019

Construction starts on dual-branded hotel downtown

A dual-branded hotel is taking shape in downtown Colorado Springs. Atlanta-based Hotel Equities and an affiliate of Colorado Springs-based Olive Real Estate Group broke ground on the dual-branded SpringHill Suites by Marriott and Element by Westin at 402 S. Tejon St. Owned by the Olive affiliate, the dual-branded hotel will be the first-ever combination of…

Jennifer Hayes

July 6, 2019

Sierra Nevada, TMC sign on at Airport Business Center

It’s not only near occupancy for the Airport Business Center but also Colorado Springs’ industrial market. Two long-term leases totaling almost 75,000 square feet recently were signed at the four-building, more-than-210,000-sf industrial park at Aviation Way and Zeppelin Road – deals indicative of the level of activity in Colorado Springs’ industrial market. “As soon as…

Jennifer Hayes

June 22, 2019

Fairfield hotel in Colorado Springs sells for $10.95 million

A Marriott-flagged hotel in Colorado Springs recently traded hands. The Fairfield Inn & Suites by Marriott Colorado Springs North/ Air Force Academy sold for $10.95 million, according to public records. Hotel Equities, through its affiliate Virtua Partners, purchased the 85-room hotel from Jackson Creek Hotel Holdings LLLP. Hotel Equities operates the hotel and will continue…

Jennifer Hayes

May 17, 2019

Patriot Park office building trades for $9.15 million

A fully leased office building in the Patriot Park campus in Colorado Springs recently traded for $9.15 million, or $177 per square foot. A limited liability company led by Robert Blaha, according to public records, purchased the two-story, 51,770-sf office building at 745 Space Center Drive from Crescent Real Estate, which was part of a…

Jennifer Hayes

May 5, 2019