June 2, 2017
Tiffany Square, a 184,219-square-foot office building in Colorado Springs, CO, traded hands. Phoenix-based U-Haul Amerco Real Estate Company acquired the property from an undisclosed REIT for $12.2 million.
Tiffany Square is located at 6805 Corporate Dr., just off Interstate 25 in the Northwest submarket. The two-story property is 74.6% leased to five tenants, and also includes a 6.26-acre surface parking lot that is zoned for industrial development.
HFF’s Jules Sherwood led the investment sales team representing the the seller. HFF also procured the buyer. Amerco Real Estate Company provides real estate and development services for U-Haul.
Originally built in 1983 as a specialized retail mall, Tiffany Square was converted to Class A office use in 1994.
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