FRUITLAND, Idaho (PRWEB) August 12, 2019
The Presidio, an 81,222 SF Class A office building in Colorado Springs represents a significant expansion of the Colorado portfolio of the Alturas Real Estate Fund.
The modern four-story glass office building, located at 1155 Kelly Johnson Boulevard, is one of Colorado Springs’ most recognizable buildings. Situated on 4.12 acres, it is located just off of I-25, the primary north-south traffic artery for Colorado Springs. The Presidio is part of the North I-25 submarket which has historically out-performed the greater Colorado Springs office market in terms of occupancy levels and rental rates.
The building is currently 89% occupied with 23 tenants representing a diverse group of industries including healthcare, technology, and financial services.
Alturas worked with Peter Scoville and Greg Phaneuf of Cushman & Wakefield, and Patrick Devereaux of JLL on the transaction.
“We are very excited to be expanding our presence in Colorado with this great asset. We are especially grateful for the partnership we’ve developed with Peter Scoville and Greg Phaneuf that made it possible.” said Travis Barney, President of Alturas Capital Partners.