Old Navy and Ulta Beauty will join the center at 2120 Southgate Road, at the northeast corner of Highway 115 and Lake Avenue, just west of Interstate 25 – the third location for both brands in the Colorado Springs market.
The buildings, which total 284,166 square feet, sold to Flywheel Capital, a privately held commercial real estate investment company with a focus on creating value by sourcing and managing value-add and stabilized assets across multiple property types.
As we move into the second half of the year, now is an opportune time to consider how multifamily has performed in the opening two quarters of 2018. The combined markets of Denver and Colorado Springs are
The sale of the 120,000-sf building was the highest price per sf ever achieved for an office building of this type in the submarket, according to Savills Studley, which structured the sale-leaseback of the property.