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.”
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