COLORADO SPRINGS—A company controlled by Missouri billionaire and real estate mogul Stan Kroenke, whose holdings include the Denver Nuggets basketball team and Colorado Avalanche hockey team, has paid $31.5 million to buy two shopping centers in Colorado Springs.
Limited liability companies formed by The Kroenke Group of Columbia, Mo., recently completed the purchase of the 215,000-square-foot Uintah Gardens at 19th and Uintah streets on the Springs’ west side and the 84,000-square-foot Academy Place, at Academy and Union Boulevards in northern Colorado Springs.
The shopping centers were sold by Houston-based Weingarten Realty.
Read the rest of this report at Gazette.com
