PATRIOT EQUITIES BUYS 1.2M SF OFFICE PORTFOLIO IN COLORADO SPRINGS

COLORADO SPRINGS, COLO. — Patriot Equities has acquired a 1.2-million-square-foot office portfolio in Colorado Springs for a reported $160 million. The portfolio contains a total of 15 Class A office buildings, including eight multi-tenant and seven single-tenant structures. The properties are more than 90 percent leased. The seller, Corporate Office Properties Trust, was represented by Cushman & Wakefield.