Colorado Springs, CO, December 22, 2020 – Troy Meyer and Kevin Matthews of SVN Denver Commercial are proud to announce the sale of the Northgate Plaza Shops located in Colorado Springs. The 9018 sq. ft. retail property, shadow-anchored by a Sprouts grocery store, sold for $4,300,000.
Troy Meyer and Kevin Matthews represented the Seller, Diamond Rim Development, LLC. Ashley Overton with The Colorado Group, Inc. represented the Buyer.
“It went from Contract to Close in 60 days, which exceeded our client’s expectations given the current financing environment for retail properties while still in the mist of the pandemic.” said Troy Meyer “This transaction showed us that there is still strong demand for quality multi-tenant retail properties, even though we had a couple of tenants that were temporarily restricted at the time of closing due to Colorado’s red level on the COVID dial”.
About SVN
SVN | Denver Commercial, one of Colorado’s top producing commercial real estate brokerage firms, with offices in Denver and Fort Collins. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently, the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.
Contact:
Troy Meyer
303.974.5737
troy.meyer@svn.com
Kevin Matthews
303.974.5893
kevin.matthews@svn.com
