Colorado Springs retail center sells for $11.95M
COLORADO SPRINGS — An East Coast investment company has acquired Pikes Plaza, a Colorado Springs retail center, for $11.95 million.
Pikes Plaza Holdings LLC, represented by Snowline Co., acquired the 72,740-square-foot property at 2202-2308 E. Pikes Peak Ave. from Pikes Plaza LLC.
Troy Meyer and Kevin Matthews of SVN | Denver Commercial represented the seller.
Primary tenants in the center include U.S. Bank, IntelliTec College and the Social Security Administration.
“We had several competitive offers, and the successful purchaser did a great job of working within their timelines to close on their acquisition in less than 75 days,” Meyer said in a written statement. “We were able to transact this within 5% of the asking price.”
COLORADO SPRINGS — An East Coast investment company has acquired Pikes Plaza, a Colorado Springs retail center, for $11.95 million.
Pikes Plaza Holdings LLC, represented by Snowline Co., acquired the 72,740-square-foot property at 2202-2308 E. Pikes Peak Ave. from Pikes Plaza LLC.
Troy Meyer and Kevin Matthews of SVN | Denver Commercial represented the seller.
Primary tenants in the center include U.S. Bank, IntelliTec College and the Social Security Administration.
“We had several competitive offers, and the successful purchaser did a great job of working within their timelines to close on their acquisition in less than 75 days,” Meyer said in a written statement.…
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