As Seen In The Denver Business Journal – February 11, 2016

Etkin Johnson has acquired a 77-acre site at Interstate 25 and Interquest Parkway in Colorado Springs with plans to develop a mixed-use project.

Denver-based commercial real estate firm Etkin Johnson Real Estate Partners has acquired nearly 77 acres in Colorado Springs with the intent of building a mixed-use project.

Etkin Johnson purchased the land, located at Interstate 25 and Interquest Parkway, from Corporate Office Properties Trust for $4.35 million.

The property is east of the U.S. Air Force Academy and is adjacent to InterQuest Marketplace, another mixed-use project, and a resort development by Great Wolf Resorts that is expected to open this fall, employing up to 500 people.

“This is a particularly exciting opportunity to acquire bulk land with freeway frontage in a local market we’re already active in and familiar with,” said Derek Conn, director of finance at Etkin Johnson.

Plans are being formulated for Etkin Johnson’s project, with a master plan expected in about 90 days. The company is planning a blend of apartments, office, retail and hotel space.

“Our development plans will draw on the strengths of our more than 25-year history in Colorado and will focus on creating a vibrant community in this fast-growing area,” Conn said.

Etkin Johnson owns and manages three office properties in Colorado Springs and is developing industrial space at the Colorado Technology Center in Louisville.

“Etkin Johnson is an ideal developer for this land, both in terms of their local efforts and the momentum it will bring to the northern submarket,” said Michael Payne Palmer of Quantum Commercial Group Inc., a Colorado Springs real estate firm that worked on the land transaction.

“They have an existing presence in Colorado Springs and a proven track record of successfully developing mixed-use environments that attract residents, high-tech companies and quality tenants,” Palmer said.