CBRE Arranges $12.9 Million Acquisition of The Shops at Mesa Ridge in Colorado

by Hayden Spiess

Fountain Colo. — CBRE has arranged the $12.9 million acquisition of The Shops at Mesa Ridge, a retail property located in Fountain, a suburb of Colorado Springs. Built in 2001, the retail center features two multi-tenant buildings totaling 29,309 square feet. The property was 95.7 percent leased to 16 tenants at the time of sale. Retailers at the center include Pizza Hut, ENT Credit Union and Buffalo Wild Wings. A private investor purchased the asset from an undisclosed seller. Mark Shaffer, Gary Stache, Gerard Poutier and Chris Martin of CBRE Capital Markets Investment Properties represented the buyer in the transaction.

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