X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLORADO SPRINGS, CO-Chicago-based Jupiter Realty Corp. has acquired two Wards department store buildings from private owners in two states.

The properties are a two-story, 162,000-sf building in the downtown at 2420 Pikes Peak Ave. in Colorado Springs and a Wards store at 2222 Spencer Highway in Pasadena, TX. The Colorado store, built in 1964, had been renovated in 1999. The Texas store, erected in 1967, underwent a renovation in 1989, but Jupiter is planning to do additional work in the next 12 months.Founded in 1872 as a catalog company, Wards is one of the largest privately held retailers in the US with 250 stores in 31 states. The company last year rolled out 40 new prototype stores in 13 states. Wards operates retail stores, distribution centers and product-service centers across the country and earns annual sales in excess of $3 billion.

Jupiter Realty, founded in 1985, develops and invests in commercial real estate properties and businesses with a national and international scope. It has offices in Chicago, Atlanta, Los Angeles, Denver, San Francisco and Charleston, SC, with business operations spanning 43 states, Costa Rica and Asia.

Jupiter has interests in several real estate-related businesses including Chicago-based Jupiter Brokerage Services LLC, a national full-service brokerage firm specializing in tenant representation; Houston-based PM Realty Group, a national, portfolio-management and real estate services firm; Hostmark Hospitality Group, a national full-service, hotel management and development firm, headquartered in Schaumburg, IL; Jupiter Asset Corporation, a Houston-based, national, asset-management firm, specializing in under-performing portfolio work-outs; and Jupiter Communities, Inc., a national residential management company, based in San Francisco.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.