Market News


• Colorado Springs City Council declared South Nevada Ave. and South Tejon St. Corridors an urban renewal site
• Microchip Technology, Inc. acquired Atmel Corporation for $3.5 billion creating the world's thirdlargest production of micro controllers. Microchip Technology, Inc. employs over 1,000 Colorado Springs residents. Microchip Technologies Inc. estimated that it will generate $3.25 billion in annual revenue with a significant portion of that revenue being made in Colorado Springs.
• SAP America, Inc., purchased 9 acres in the T5@ Colorado business park for $3 million to build a purported 100,000 SF data center first half 2016 and broke ground in second half 2016. In addition, SAP America, Inc. purchased 17.9 Acres in northern Colorado Springs to build a second 100,000 square feet data center.

• The National Cyber Intelligence Center will be located on North Nevada Avenue in Colorado Springs - the location is expected to revitalize a once challenged area of the city and attracts more companies in the cyber-security field. More companies in the cybersecurity field are expected to consider Colorado Springs as the hub of the cybersecurity industry. The State of Colorado has allocated $8 million to theIN

project.

Downtown_CS

Market News 2017:

•10 Story - 167 Room Marriott Hotel coming to Downtown Colorado Springs Gazette

•Colorado Springs Airport seeing more nonstop flights Gazette

•City for Champions projects making strides CSBJ

•Olympic Museum ground breaking set for June 9 KKTV

•Colorado Springs reaches lowest unemployment rate since 1990 at 2.5% Gazette

•Defense contractor Vectrus gets $212M contract extension Gazette

•Colorado Springs Ranked #11 Best Place to live in the U.S. According to U.S. News and World Report U.S. News

•Great Wolf Lodge launches indoor waterpark and resort in Colorado Springs Gazette

•Mountain Valley Market Opens 20,000 SF production facility in Colorado Springs CSBJ

Market News 2016:

•Westside Development Partners purchased 120 Acres in Colorado Crossings in North Colorado Springs Gazette

• MRIC Colorado Springs Co bought the 223,000 square foot FedEx distribution center for $28,845,000.

• Colorado Springs City Council declared South Nevada Ave. and South Tejon St. Corridors an urban renewal site Gazette

• Microchip Technology, Inc. acquired Atmel Corporation for $3.5 billion creating the world's thirdlargest production of micro controllers. Microchip Technology, Inc. employs over 1,000 Colorado Springs residents. Microchip Technologies Inc. estimated that it will generate $3.25 billion in annual revenue with a significant portion of that revenue being made in Colorado Springs. Gazette

• SAP America, Inc., purchased 9 acres in the T5@ Colorado business park for $3 million to build a purported 100,000 SF data center first half 2016 and broke ground in second half 2016. In addition, SAP America, Inc. purchased 17.9 Acres in northern Colorado Springs to build a second 100,000 square feet data center. T5@Colorado Springs

• The National Cyber Intelligence Center will be located on North Nevada Avenue in Colorado Springs - the location is expected to revitalize a once challenged area of the city and attracts more companies in the cyber-security field. More companies in the cybersecurity field are expected to consider Colorado Springs as the hub of the cybersecurity industry. The State of Colorado has allocated $8 million to the project. Gazette