GSA Lease Build-Out - Colorado Springs, CO
$27,790,000 in total financing arranged by PlattPointe Capital.
COLORADO SPRINGS, CO - PlattePointe Capital, in conjunction with Cushman & Wakefield’s Colorado Springs industrial team of Aaron Horn and Heather Mauro worked on behalf of the building owner to procure the renovation financing for the General Services Administration (GSA) to occupy the 164,582 SF building located at 1110 Bayfield Drive in Colorado Springs located on 26.35 acres near Fort Carson and the Colorado Springs Airport.
The GSA is the independent agency of the federal government that manages government buildings and real estate, provides product and service procurement support, and develops policies and regulations.
The financing includes a $15.8MM construction loan and a $12MM revolving line-of-credit to be allocated towards tenant improvements as part of the 10-year General Services Administration (GSA) lease requirements.
• $27,790,000 Total Financing
• $15,790,000 Construction Loan
• $12,000,000 Revolving Line of Credit
Built in 1981, this sprawling 164,582 square foot 26-acre campus is in the Southeast Submarket of Colorado Springs. Nestled between Cheyenne Mountain Boulevard and Cheyenne Meadows Road, Cheyenne Business Campus overlooks Quail Lake and has prime 360-degree views of Cheyenne Mountain and Colorado Springs. The Cheyenne Business Campus is just minutes from Fort Carson Army Base, the Broadmoor, and NORAD. The campus provides flexible mixed-use space and amenities, including the Colorado Springs Airport.
Colorado Springs has exploded in recent years and is one of the Top 5 fastest growing markets in the United States.
PlattPointe Capital LLC is a boutique commercial real estate capital advisory firm that helps developers and investors navigate the capital markets by arranging optimal alternative debt and equity options for a client’s project. Our vision is to engineer the most efficient capital stack based on the constraints of a given project and sponsor’s needs.
More information can be found at www.plattpointe.com.
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