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Jupiter Realty Buys Wards Buildings in Colorado and Texas

COLORADO SPRINGS, CO-Chicago-based Jupiter Realty Corp. has acquired two Wards department store buildings from private owners in Colorado and Texas.

By John Rebchook | Updated on October 11, 2000

COLORADO SPRINGS, CO-Chicago-based Jupiter Realty Corp. has acquired two Wards department store buildings from private owners in two states.

The properties are a two-story, 162,000-sf building in the downtown at 2420 Pikes Peak Ave. in Colorado Springs and a Wards store at 2222 Spencer Highway in Pasadena, TX. The Colorado store, built in 1964, had been renovated in 1999. The Texas store, erected in 1967, underwent a renovation in 1989, but Jupiter is planning to do additional work in the next 12 months.Founded in 1872 as a catalog company, Wards is one of the largest privately held retailers in the US with 250 stores in 31 states. The company last year rolled out 40 new prototype stores in 13 states. Wards operates retail stores, distribution centers and product-service centers across the country and earns annual sales in excess of $3 billion.

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