News

The correlation between interest rates and capitalization rates has always been obvious to our industry. As interest rates move, cap rates follow in the same direction. The degree to which they fluctuate- in concert with one another is nuanced and depends on risk assessments or supply and demand forces. Similarly, there is correlation between the…

Sale/Acquisition of the Year for Colorado Springs Flywheel Capital executed the $54.3 million sale of this two-building portfolio, known as the InterQuest complex, after a prolonged and ultimately successful renovation and re-leasing campaign. Flywheel Capital acquired the pair of nearly vacant properties in September 2018. The two buildings, which sit at 10125 and 10205 Federal Drive, were originally…

The Shops at Riverfront Park in downtwon Denver has sold for $11.8 million, or approximately $370 per square foot. The sale of the 31,898-square-foot multi-tenant asset — located at the base of three condo buildings — included the entirety of the commercial/retail space located within the Riverfront Park neighborhood. The buyer was a local private…

COLORADO SPRINGS – A 289,018-square-foot Class A flex portfolio is under new ownership in Colorado Springs. The asset, comprising the two adjacent buildings at 10125 and 10205 Federal Drive, recently sold to an undisclosed private partnership for $54.3 million. Cushman & Wakefield’s Aaron Johnson and Jonson Hendrickson brokered the transaction on behalf of the seller,…

COLORADO SPRINGS – Investment company Crescent Real Estate sold the final piece of a 1 million square foot office portfolio in Colorado Springs. Since 2019, Crescent Real Estate has sold the 13-building portfolio as individual buildings or micro-portfolios to multiple buyers, and the last remaining building in the portfolio recently sold. The entire asset traded…

WESTMINSTER – A shopping center in Westminster traded hands. Willow Run, the 91,565-square-foot shopping center at 12900-12910 Zuni St., recently sold for $10.9 million, or nearly $120 per sf. CentrePoint Properties acquired the asset from Willow Run Investors LLC, an entity operated by Gart Properties, which owned the center since 2013. Cushman & Wakefield’s Jon…

COLORADO SPRINGS – A premier Class A office asset in Colorado Springs recently traded hands following a competitive marketing campaign. Epic One, the 146,099-square foot office building at 10807 New Allegiance Drive, is under new ownership by an affiliate of Boston-based Albany Road Real Estate Partners. According to public records, the buyer acquired the property…

An affiliate of Boston-based Albany Road Real Estate Partners has made its first Colorado acquisition, purchasing Epic One, a premier Class A office building totaling 146,099 square feet in Colorado Springs. The five-story multi-tenant asset was approximately 87% leased at the time of sale. Located at 10807 New Allegiance Dr, Epic One is well positioned in the…

Denver-based Flywheel Acquisitions has purchased an infill office building on nearly 2.3 acres in Denver. Cushman & Wakefield’s Cushman & Wakefield’s Aaron Johnson, Jon Hendrickson and Mitch Veremeychik represented the seller, 4100 Investors LLC, in the sale of the asset for $14.7 million. A single tenant occupies the full, three-story property. Click here and here…

Early results on the holiday shopping season suggest consumers proved to be resilient and flexible just as they have been throughout the pandemic recovery, jolting holiday sales to a banner year in 2021 WHAT HAPPENED? Heading into the crucial holiday shopping season, several downside risks threatened to spoil what had already been an undeniably strong…