Briargate building sells to growing firm

Posts by CREJ Editors

Recent Discussion

vivian e. vigil said:

I wish I was the one to purchase the both of them because if I did I'd make it into a low income housing project and let all my friends move in :)
CREJ said:

The project is anticipated to be completed in spring 2014.
Anonymous said:

When is this project expected to be finished?
JD Crouse said:

HI Kris, Loan Investing has been a wonderful strategy for my company over the last 5 years. I've been able to buy multiple loans in my own back yard from banks and sellers who had carried back a note. The returns have ranged from the low to high double digits with a high level of security (20 - 60 % LTV). I don't see loan sales slowing for a long time for no other reason that we have 20 years worth of FDIC 'loss-share' assets waiting to be disposed. Thanks for the article! JD Crouse http://LoanInvestingBlueprint.com

02 August 2012 | Posted in Industrial, Colorado Springs & Southern Front Range

A Colorado Springs-based software and hardware design engineering company acquired a single-story flex building in Briargate that will accommodate its “significant” growth. Colorado Engineering, under the name Law Land Company LLC, paid $2.33 million for the 38,962-square-foot building at 1915 Jamboree Drive in Colorado Springs.

“Our company has steadily grown since we were founded in 2003 and the acquisition is a culmination of our efforts,” said Nancy E. Scally, CEO of Colorado Engineering. The acquisition of the building, where Colorado Engineering will relocate and occupy around 24,000 sf, will triple the company’s existing space.

View all posts by Jennifer Hayes

Jennifer Hayes has been an Editor with the CREJ for more than 12 years. Jennifer covers all commercial real estate news for all property types in the Colorado Springs/Southern Front Range and the Western Slope/Mountain Town areas. Jennifer also is Editor of the Construction/Design/Engineering section, the Economic Development section and the Shopping Center section.

Before joining the Colorado Real Estate Journal, Jennifer served as the Assistant Sports Information Director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce.

When not bringing you the latest in commercial real estate news and views for the Denver area, Jennifer enjoys spending time with her husband and son, sports, dining out, reading, and perfecting her cookie and cupcake icing technique.

0 comments:

Conferences

Denver Web Design by Phases Design Studios | Denver Web Development by Neon Rain