Tech company buys north side office building

Fri, Dec 30, 2011


XLedger, recognized as one of the fastest growing technology companies in the country, recently purchased a new building at 1310 United Heights Rd.

Colorado State Bank and Trust sold the 23,557-square foot former First Bank of Colorado building to the homegrown tech firm for $2.31 million. That averages to about $98 per square foot.

XLedger, which specializes in developing and running virtual business organizational and financial tools, will occupy the building along with a small tenant that was already located at the property.

The Colorado Springs Economic Development Corp. recognized XLedger earlier this month as one of 22 local companies that expanded or relocated in 2011. The company has offices here and in Norway. The Deloit Technology Fast 500 recognized XLedger as the 247th fastest growing technology company among the top 500 in Europe, the Middle East and Africa.

Karston Musaeus of Keller Williams Client’s Choice Realty represented XLedger, while Randy Miller of Sierra Commercial Real Estate represented the seller.

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