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Durango, Colo. — Armstrong Capital Development has purchased Durango Town Center, a shopping center located in Durango. A local private investor sold the asset for $14.5 million. Durango Town Center was 98 percent leased to 20 tenants at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller in the transaction, and Bowlby procured the buyer.