Ogilvie Properties has sold Tech Center VI in Colorado Springs to Alloy Real Estate Capital for $17.25 million. The 104,702-square-foot midrise office building on nearly seven acres is in the northern submarket of Colorado Springs, Colorado. The multi-tenant property at 5575 Tech Center Drive was 97% leased at closing to 17 tenants, most in the aerospace and defense government contractor industries. Since the pandemic, nearly all tenants have renewed their leases. Ogilvie Properties repositioned the asset with several upgrades and capital, including a fully renovated lobby, restrooms and spec suites throughout.
Cushman & Wakefield’s Aaron Johnson, Jon Hendrickson and Mitch Veremeychik represented the seller in the transaction.
The property is also just 10 minutes from downtown Colorado Springs, 30 minutes to Metro Denver and accessible to Colorado’s Front Range.
Colorado Springs continues to rank among the fastest-growing populations and best places to live in the country by multiple sources.
