Garden Gateway Property is Sold
Presidio Property Trust, Inc., an internally managed, diversified real estate investment trust, announced the sale of its Garden Gateway property. It is a three-building, 115,000 square foot office complex located in Colorado Springs, Colorado, on February 19, 2021. Search homes for sale in Flying Horse Colorado Springs at www.rehava.com
Long Term Lease Makes Building Attractive
“The long-term lease that we recently executed with the U.S. General Services Administration (GSA) made this building a more attractive acquisition target for a buyer,” said Jack Heilbron, the company’s President and Chief Executive Officer. “We believe the timing is right to sell into this strong Colorado Springs market. We expect to use the proceeds from the sale to reduce our leverage and to add properties that fit our growth profile.”
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