Union Town Center

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to offer investors the opportunity to acquire Union Town Center (“The Property”), 54,742 square feet of highly sought-after shadow grocery retail in Colorado Springs. The center is 98% leased, includes 24 tenants and is located at the intersection of Research Parkway and North Union Boulevard, which sees nearly 40K vehicles per day. The center differentiates itself with a robust lineup of inline spaces, with highly competitive lease rates, setting it apart from competing grocery centers. Located within a prestigious master-planned community, this retail node benefits from affluent residents with a high level of education and sustainable consumer spending. The area’s success is driven by its proximity to esteemed universities, major military bases, and an high quality of life at a much lower cost. 

Union Town Center is comprised of convenience-oriented tenants, with an average tenant tenure of nearly 12 years, showcasing their commitment to the Property. The Property sees nearly 1.3M visits per year and has proved strong historical occupancy. Its diverse rent roll includes Subway, Pizza Hut, American Family Insurance, Great Clips, and a variety of award-winning restaurants, one of which was named Colorado Springs #1 Chinese restaurant.