Justin Krieger, Senior Advisor at Pinnacle Real Estate Advisors, is pleased to announce the sale of the Woodmen Plaza Shops located at 3560 East Woodmen Road in Colorado Springs, Colorado today. The property, a strip center occupied by Starbucks, Panda Express, Sport Clips, and Super Quality Dry Cleaners in a King Soopers-anchored shopping center, closed for $2,500,000. Justin Krieger represented the seller and Jamie Mitchell, also a Senior Advisor at Pinnacle Real Estate Advisors, represented the buyer.

“Demand for class A strip centers remains strong, and we were basically signing the listing agreement and purchase agreement at the same time. Investors who are typically Denver-focused are starting to explore Colorado Springs more due to the lack of quality inventory, and I believe that trend will continue for the foreseeable future.” said Justin Krieger.