1. Investment firm buys Verizon complex on Garden of the God Road for $31 million

    Investment firm buys Verizon complex on Garden of the God Road for $31 million

    A New York-based investment group has acquired the Verizon complex on Garden of the Gods Road for $31 million in the second-largest real estate transaction this year.

    A limited liability company created by Fortress Investment Group LLC bought the 726,528-square-foot complex on 129 acres at 2424 Garden of the Gods Road Aug. 10 from Verizon Business Network Services Inc., according a deed filed with the El Paso County Clerk and Recorder's Office...

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  1. Quotes

    1. The sale was well aligned with Verizon's strategy to free up capital while maintaining its operations.
    2. We are seeking more and more institutional owners targeting Colorado Springs and the entire Front Range for strategic investment opportunities, drawn by our region's outstanding quality of life, strong business climate and top-ranking talent pool.
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