Albany Road Real Estate Partners Acquires Colorado Springs Office For $31.7M

The office property located at 10807 New Allegiance Drive in Colorado Springs, CO has been sold. The sale was facilitated by Aaron Johnson and Jon Hendrickson from Cushman & Wakefield. The buyer, Albany Road Real Estate Partners, acquired the property from Crescent Real Estate for a total price of $31,700,000. The office building spans a total area of 146,099 square feet, resulting in a price per square foot of $217.

Summary of transation details

• Property Type: Office
• Transaction Amount: $31,700,000
• Address: 10807 New Allegiance Drive
• Market: Colorado Springs, CO
• Buyer: Albany Road Real Estate Partners
• Seller: Crescent Real Estate
• Brokers: Aaron Johnson & Jon Hendrickson - Cushman & Wakefield
• Sale Price per Square Foot: $217

This transaction involved the collaboration between Albany Road Real Estate Partners as the buyer and Crescent Real Estate as the seller. Aaron Johnson and Jon Hendrickson, representing Cushman & Wakefield, played a key role in facilitating the deal. The sale of this office asset marks a significant milestone in the Colorado Springs market.