COPT sale raises questions for local commercial market
While the investor with a contract to develop an $800 million airport business park has put its entire 1.1 million-square-foot portfolio of Colorado Springs office properties on the market, it’s retaining its interest in developing the airport project — for now. Corporate Office Properties Trust, a Maryland-based real estate investment trust that specializes in office [...]
One growing company in Colorado Springs has just increased its commercial warehouse and distribution footprint by more than one-third. Arrow Moving and Storage has leased a 26,791-square-foot building at 2853 Janitell Road. The company already owns a 39,600-square-foot office and warehouse building purchased during 1996 at 2885 Janitell Road, president and owner David Ottoes said. [...]
Continue reading …Corporate Office Properties Trust, Colorado Springs’ largest commercial real estate investor, has purchased the 61,504-square-foot R.T. Logic building and 5 acres of adjacent land for $12.5 million. The facility at 12515 Academy Ridge View was built during 2005. R.T. Logic, a wholly owned subsidiary of Integral Systems, Inc. has occupied the building since it opened. [...]
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