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Article: Colorado Springs Real Estate Briefs: October 30, 2009
- Article from:
- Colorado Springs Business Journal
- Article date:
- October 30, 2009
- Author:
CopyrightCopyright 2009 Colorado Springs Business Journal. Provided by ProQuest LLC. (Hide copyright information)
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The 328-unit Parkmoor Village Apartments at 3688 Parkmoor Village
Drive been purchased by Weidner Investment Services of Seattle,
Wash., for $12.1 million.
The buyer also owns several other Colorado Springs apartment
communities.
The Lively Family Trust had owned the 15.5-acre property for 37
years.
"Most of the units are two-bedroom, two-bath. The family bought
it right after Parkmoor was built in 1972," said Sperry Van Ness
multifamily broker Doug Carter, who represented both the buyer and
the seller.
The transaction represented the Pikes Peak region's the largest
apartment complex sale during the past two years, the second largest
dollar transaction during the past year and only the fifth ...