Colorado Springs, CO – Pasadena, CA based De Pietro Holdings LLC has acquired the Airport Distribution Center building near the Colorado Springs Airport.
The acquisition of 1535 North Newport Road represents the company’s continued interest in the state of Colorado.
“We believe that Colorado Springs is an emerging market for industrial tenants and are excited to work with our property management and leasing team to secure a tenant that can take advantage of a newly constructed building and be a positive addition to the area,” said James De Pietro, partner at De Pietro Holdings LLC.
Built in 2021, the 64,800 SF property can serve both as a single tenant or multi-tenant industrial facility providing tenants with maximum flexibility. The building features an ESFR sprinkler system, a clear height of 28 feet, and 20 dock doors to compliment 2 drive-in doors. The property is located just minutes from the Colorado Springs Airport as well as Downtown Colorado Springs.
Chris Engel of Beaconsfield Capital provided advisory services to De Pietro Holdings LLC.
Soon after purchasing the property, De Pietro Holdings LLC selected CBRE to serve as its local property manager and leasing partner.
Christine Maynard and Jared May of CBRE represent De Pietro Holdings LLC as its leasing representatives.
For more information, please visit www.depietroholdings.com/leasing.
About De Pietro Holdings LLC
De Pietro Holdings LLC is a privately held commercial real estate investment company that owns more than 630,000 square feet of office, industrial, medical office, R&D, and retail properties across 15 cities and four states. The Company has remained a family owned and operated organization that focuses on developing long term business relationships and practical and creative solutions that satisfy tenant requirements now and in the future. De Pietro Holdings LLC’s properties are primarily located in Southern California and the greater Phoenix, AZ, Colorado Springs, CO, Denver, CO, and Salt Lake City, UT areas.