COLORADO SPRINGS, CO—Transwestern's Denver office has negotiated the sale of the NorthCreek office portfolio. Located at 5755 Mark Dabling Blvd. in Colorado Springs, the three-building complex consists of 320,712 square feet of class A office space in a campus-like setting.
Transwestern managing directors Brad Cohen and Larry Thiel facilitated the transaction on behalf of the seller, GCCFC 2007-GG9 Colomary Facilities LLC. The new ownership group, Younan Properties Inc., has engaged Transwestern to lease the portfolio, and vice president Karen Clarke wil serve as the lead broker.
"This was an exceptional opportunity to acquire a one-of-a-kind office portfolio in the North Interstate 25 corridor and Colorado Springs with a very strong tenant roster,” said Zaya Younan, Chairman and CEO of Younan Properties. “We see great potential in this portfolio and significant upside in stabilizing the occupancy in this constantly improving market.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
