Colorado Springs, CO

New Construction Medical | Office Development

2460 Research Parkway | Colorado Springs, CO

  • Property Type

    New Construction Medical Office Building

  • Size

    58,000 Square Feet

  • Key Tenants

    To Be Determined

  • Date Closed

    April 2019

  • Transaction Value

    $30,000,000

THE ASSET

  • New construction 58,000 square foot class A medical office building located in the heart of the Briargate submarket of Colorado Springs. Briargate is home to a tremendous concentration of medical activity, daytime population, retail traffic generators, and significant housing growth.

THE OPPORTUNITY

  • 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.

THE RESULT

  • Currently pursuing our Concept Plan & Development Plan approvals with the City of Colorado Springs.
  • Phased I construction scheduled to begin 2Q 2021.