Brennan Acquires Colorado Springs Retail Complex For Industrial Conversion
Acquiring Company
13-Property Industrial Portfolio
Acquired Company
Springs Retail Complex
ChicagoManufacturingProfessional ServicesReal EstateBuilding MaterialDescription
Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has announced its acquisition of the Rustic Hills Shopping Center located at 1605 N. Academy Boulevard in Colorado Springs, Colorado. Consisting of 223,438 square feet on 23.30 acres, the site will be redeveloped into a light industrial logistics center to accommodate the needs of "last mile" delivery firms and industrial users that service the Colorado Springs MSA. Renovation work will commence in early 2022.
Quick answer
13-Property Industrial Portfolio is acquiring Springs Retail Complex, announced October 27, 2021. 13-Property Industrial Portfolio is based in Chicago, Illinois, United States.
- How much did 13-Property Industrial Portfolio pay for Springs Retail Complex?
- The deal value was not disclosed.
- What does 13-Property Industrial Portfolio do?
- The portfolio consists of 13 shallow-bay industrial buildings with a diverse tenant mix and an average lease term of over 4 years.
- Where are 13-Property Industrial Portfolio and Springs Retail Complex based?
- 13-Property Industrial Portfolio is based in Chicago, Illinois, United States.
- Who are the decision-makers at 13-Property Industrial Portfolio?
- Fundz holds 3 contacts at 13-Property Industrial Portfolio. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Springs Retail Complex?
Springs Retail Complex was acquired by 13-Property Industrial Portfolio, based in Chicago. The deal was reported on October 27, 2021. The portfolio consists of 13 shallow-bay industrial buildings with a diverse tenant mix and an average lease term of over 4 years. 13-Property Industrial Portfolio is privately held and operates in Manufacturing.
When did 13-Property Industrial Portfolio acquire Springs Retail Complex?
13-Property Industrial Portfolio's acquisition of Springs Retail Complex was reported on October 27, 2021. Brennan Investment Group, a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States, has announced its acquisition of the Rustic Hills Shopping Center located at 1605 N. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Springs Retail Complex do?
Springs Retail Complex is the company acquired in this transaction. It is privately held.
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