Colorado Springs, CO

New Construction Medical | Office Development

2460 Research Parkway | Colorado Springs, CO

  • Property Type

    New Construction Medical Office Building

  • Size

    5.19 Acres

  • Key Tenants

    To Be Determined

  • Date Acquired

    April 2019

    Date Sold

    October 2022


  • In March 2019 we acquired 5.19 acres of developable land in Briargate, the fastest-growing submarket in Colorado Springs.


  • Our original plan for the land was to construct a new 60,000 square foot medical office building.
  • Colorado Springs economy is primarily based on the military installations as well as the aerospace and technology industries. As a center for space research, Colorado Springs was recently named a finalist for the newly created 5th branch of the military – the Space Force.
  • Additionally, El Paso County currently leads the state in population growth and is among the leaders in job creation fueled by the healthcare, technology, and defense sectors.
  • Low unemployment, high wage growth, and a favorable cost of living index are especially attractive to the millennial workforce. US News and World Report ranked Colorado Springs #3 on their 2019 “Best Places to Live” list.


  • As a result of Covid disruptions, we began to explore alternative plans for the property
  • After facilitating a site rezoning, we sold the land parcel to a reputable multi-family developer