Parkway Properties

19.04

+0.0000

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Market Cap:937.17M

PE:20.70

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Presidio Property Trust Announces Sales of Union Town Center and Research Parkway Properties

GlobeNewswire

·

07 Feb

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Property Trust Announces Sales of Union Town Center and Research Parkway Properties","url":"https://stock-news.laohu8.com/highlight/detail?id=2509469877","media":"GlobeNewswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2509469877?lang=en_us&edition=fundamental","pubTime":"2025-02-07 21:45","pubTimestamp":1738935900,"startTime":"0","endTime":"0","summary":"SAN DIEGO, Feb. 07, 2025  --  Presidio Property Trust, Inc. , an internally managed, diversified real estate investment trust, today announced the sale of its Union Town Center and Research Parkway properties, comprising a multi building retail center in Colorado Springs, Colorado.“We acquired this well-located center in two separate off-market transactions in 2014 and 2015, and continued to upgrade the property and maintained occupancy close to its current 98% level,” said Gary Katz, Chief Investment Officer. “Strong interest from the capital markets for retail and the center’s location in the burgeoning north Colorado Springs region contributed to our decision to sell and successfully close out our business plan for this property.”“Continued occupancy strength throughout the last few years and strong population growth in Colorado Springs helped us execute on our strategy to successfully sell these properties,” said Jack Heilbron, President and Chief Executive Officer.The Denver 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