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COLORADO SPRINGS, COLO. – Advenir has acquired the 292-unit Spring Canyon apartment complex in Colorado Springs for $40.5 million. The complex is located at 4510 Spring Canyon Heightsalong the Garden of the Gods employment corridor. Major employers in that corridor include Agilent Technologies, Verizon, LSI and Premiere Global Services.
Spring Canyon also enjoys close proximity to the University of Colorado at Colorado Springs and University Village. The community was 98 percent occupied at the time of closing. It was built in 1997.
Kevin McKenna, Doug Andrews and Jeff Hawks represented the seller, Hamilton Zanze, in this transaction.