Texas firm buys 13 Colorado Springs properties in $125M deal
COLORADO SPRINGS — Fort Worth, Texas-based investment group Crescent Real Estate recently bought 13 office buildings in Colorado Springs for more than $125 million, according to a Colorado Springs Gazette report.
The buildings, which Crescent in calling the Patriot Portfolio, total more than 1 million square feet.
The portfolio accounts for about 13 percent of the city’s class A office space market, according to a company news release.
SPONSORED CONTENT
People Powered: Preparing Longmont Businesses for Economic Success
Longmont Chamber and FNBO present People Powered on April 24, 2024, aiming to inform business owners about workforce development, housing, and transportation issues.
“Crescent had a unique opportunity to acquire the portfolio in an off -market transaction, and we feel strongly that this is the right time to establish such a significant presence in the Colorado Springs market,” Crescent co-CEO Conrad Suszynski said in a prepared statement.
COLORADO SPRINGS — Fort Worth, Texas-based investment group Crescent Real Estate recently bought 13 office buildings in Colorado Springs for more than $125 million, according to a Colorado Springs Gazette report.
The buildings, which Crescent in calling the Patriot Portfolio, total more than 1 million square feet.
The portfolio accounts for about 13 percent of the city’s class A office space market, according to a company news release.
“Crescent had a unique opportunity to acquire the portfolio in an off -market transaction, and we feel strongly that this is the right…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
