POB Purchases Colorado Springs Retail Center

P.O’B. Montgomery & Company Purchases Colorado Springs Retail Center

Dallas, TX:  P.O’B. Montgomery & Company, representing a major institutional client, recently acquired Broadmoor Towne Center, a Class A retail center totaling 177,000 square feet in Colorado Springs, Colorado.  The center is located at 2120-2180 Southgate Road in Colorado Springs, in a prime location near the Broadmoor Hotel.

The property is currently 99% leased.  Tenants include Bed Bath & Beyond, PetsMart, Ross Dress for Less, Michael’s, Borders and a non-owned Home Depot and Sears.

Current plans call for the center to be held on a long-term basis for the undisclosed institutional client.

For further information, contact Wm. Douglas Archer at 972-455-4904.