Alpine Investment Group Sells Drake Crossing in Fort Collins, Colorado, for $12.2 Million

Fort Collins, Colo. — Alpine Investment Group LLC has sold Drake Crossing, a 56,214-square-foot shopping center located in Fort Collins, for $12.2 million. Jason Schmidt and Austin Snedden of JLL represented the seller in the off-market transaction. The buyer was a joint venture between Big Ben Funds and CAMCRE. The three-building retail center was 96 percent occupied at the time of sale by tenants including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Safeway and Walgreens shadow anchor the property.