AmCap Austin Bluffs LLC Acquires Colorado Springs, CO Retail Property for $33M

December 2, 2011 - AmCap Inc. purchased Marketplace at Austin Bluffs in Colorado Springs, CO for $33M on November 18, 2011. The 226,626 square foot King Soopers-anchored shopping center also includes junior anchors such as 24 Hour Fitness, Hancock Fabrics, Ace Hardware and Office Depot. The King Soopers at Marketplace at Austin Bluffs, redeveloped in 2007, is among the best performing stores in the state, with $600/SF sales and a 2033 lease expiration.

The sale was brokered by Marcus & Millichap Real Estate Investment Services, and is located on the northwest corner of Academy Boulevard and Austin Bluffs Parkway at 3604 - 3650 Austin Bluffs Parkway, 4170 and 4284 N. Academy Boulevard.