Texas firm buys 13 Colorado Springs properties in $125M deal
ByWhitney Denison|Dec 31, 2018|Industry News, Local Real Estate, News
COLORADO SPRINGS — Fort Worth, Texas-based investment group Crescent Real Estate recently bought 13 office buildings in Colorado Springs for more than $125 million, according to a Colorado Springs Gazette report.
The buildings, which Crescent in calling the Patriot Portfolio, total more than 1 million square feet.
The portfolio accounts for about 13 percent of the city’s class A office space market, according to a company news release.
“Crescent had a unique opportunity to acquire the portfolio in an off -market transaction, and we feel strongly that this is the right time to establish such a significant presence in the Colorado Springs market,” Crescent co-CEO Conrad Suszynski said in a prepared statement.
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