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9/06/18
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Western Centers Inc purchased The Market at Spring Creek, a 107.3k sf shopping center in Colorado Springs, CO. The property, located at 1530, 1650-1728, 1750 S. Circle Dr, was sold by Kimco Realty Corporation.
Located in a growing community just southeast of downtown Colorado Springs, The Market at Spring Creek was originally built in 1988 as a grocery-anchored shopping center. Today, the center is 87% leased to 10 tenants, including Dollar Tree, State Farm Insurance, Subway, and EZ Pawn, and anchored by Cameron Products, a leading supplier of indoor and outdoor grilling products.
Larry Thiel, Brad Cohen, and Lauren Quiram of Transwestern’s Denver Capital Markets Group brokered the transaction on behalf of the seller. According to Thiel, The Market at Spring Creek backs up to over 1,000 new homes and multifamily units, helping make it one of the strongest value-add investment opportunities in Colorado Springs.
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