Colorado Springs Class A Office Picked for $31.7 Million

An affiliate of Albany Road Real Estate Partners has purchased Epic One, a 146,099-square-foot Class A office building in Colorado Springs, Colo. The property changed hands for $31.7 million, with the help of an acquisition loan originated by Citywide Banks.  Cushman & Wakefield represented the seller, Crescent Real Estate.

Located at 10807 New Allegiance Drive in the northern part of the city, the five-story Epic One is part of InterQuest Business Park. The LEED Silver-certified asset is situated on a 9.4-acre lot, between Interstate 25 and Interquest Parkway, with downtown Colorado Springs 13 miles away. Dating back to 2009, the building features 29,139-square-foot floor plates, a fitness center and 656 parking spots. Epic One was roughly 87 percent leased at the time of the transaction to tenants across diverse industries, including health-care, technology and aerospace. Cushman & Wakefield’s team included Aaron Johnson and Jon Hendrickson.