Colorado Springs, CO, December 22, 2020 – Troy Meyer and Kevin Matthews of SVN Denver Commercial are proud to announce the sale of the Northgate Plaza Shops located Colorado Springs. The 9018 sq. ft. retail property, shadow-anchored by a Sprouts grocery store, sold for $4,300,000.
Troy Meyer and Kevin Matthews represented the Seller, Diamond Rim Development, LLC. Ashley Overton with The Colorado Group, Inc. represented the Buyer.
“It went from Contract to Close in 60 days, which exceeded our client’s expectations given the current financing environment for retail properties while still in the mist of the pandemic.” said Troy Meyer “This transaction showed us that there is still strong demand for quality multi-tenant retail properties, even though we had a couple of tenants that were temporarily restricted at the time of closing due to Colorado’s red level on the COVID dial”.