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Fund Secures Land for Colorado Innovation Park
AZ Opportunity Fund (“AZOFund”) acquired 31.7 acres of industrial and retail land in Colorado Springs to create the Colorado Aerospace Business Center (“CABC”), an innovation park with the potential for over 320,000 square feet of industrial space supported by multiple retail pad sites. Sherpa Commercial Real Estate represented the buyer in the transaction. The center is located at the intersection of Bradley Road and Foreign Trade Zone Blvd.
The CABC will serve as a hub for aerospace companies. AZOFund master-planned the business park to exceed the specialized infrastructure needs of high-tech and government contracting companies.
AZOFund has partnered with the design-build firm ARCO/Murray to serve as the architect and general contractor for the project. Site preparation for Phase I of the project is anticipated in August 2024 with core and shell completion by the second quarter of 2025.
Cushman Wakefield will handle the leasing. In the land transaction, the seller was represented by Chuck Armstrong with Weichert Realtors Pikes Peak Group.
- ◦Development
