The LEED Silver-certified constructing contains greater than 145,000 sq. ft.
An affiliate of Albany Highway Actual Property Companions has bought Epic One, a 146,099-square-foot Class A workplace constructing in Colorado Springs, Colo. The property modified fingers for $31.7 million, with the assistance of an acquisition mortgage originated by Citywide Banks, a division of HTLF Financial institution, in line with El Paso County public information. Cushman & Wakefield represented the vendor, recognized by CommercialEdge as Crescent Actual Property.
Earlier this yr, Crescent, together with Goldman Sachs Asset Administration’s Actual Property Enterprise and Lionstone Investments, bought Flatiron Park, the biggest life science and workplace campus in Boulder, Colo. Based on a spokesperson for the client, the acquisition worth exceeded $600 million.
Coming into Colorado
The Epic One purchase marks Albany Highway’s first acquisition within the state of Colorado, Peter Albro, managing director on the firm’s Mountain States workplace in Denver, mentioned in ready remarks. Positioned at 10807 New Allegiance Drive within the northern a part of town, the five-story Epic One is a part of InterQuest Enterprise Park.
The LEED Silver-certified asset is located on a 9.4-acre lot, between Interstate 25 and Interquest Parkway, with downtown Colorado Springs 13 miles away. Courting again to 2009, the constructing options 29,139-square-foot floorplates, three passenger elevators, a health middle and 656 parking spots, CommercialEdge exhibits.
Epic One was roughly 87 % leased on the time of the transaction to tenants throughout numerous industries, together with well being care, expertise and aerospace. Cushman & Wakefield’s staff included Managing Administrators Aaron Johnson and Jon Hendrickson.
