Press Releases

September 05, 2018


DENVER – Transwestern today announces it provided disposition services for Kimco Realty Corporation in the sale of The Market at Spring Creek at 1530, 1650-1728, 1750 S. Circle Drive in Colorado Springs, Colorado. The 107,310-square-foot shopping center was purchased by Western Centers Inc. Larry Thiel, Brad Cohen, and Lauren Quiram of Transwestern’s Denver Capital Markets Group brokered the transaction on behalf of the seller.

Located in a growing community just southeast of downtown Colorado Springs, The Market at Spring Creek was originally built in 1988 as a grocery-anchored shopping center. Today, the center is 87 percent leased to 10 tenants, including Dollar Tree, State Farm Insurance, Subway, and EZ Pawn, and anchored by Cameron Products, a leading supplier of indoor and outdoor grilling products.

“Colorado Springs continues to draw investor interest, driven largely by population and job growth,” said Thiel. “The Market at Spring Creek backs up to over 1,000 new homes and multifamily units, cementing it as one of the strongest value-add investment opportunities in Colorado Springs.”

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
 

Media Contact:

Alyssa Teboda

303.407.1462

alyssa.teboda@transwestern.com

twmediarelations@transwestern.com

Larry Thiel

Managing Director

Greenwood Village, Colorado

+1 (303) 407-1471