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LOUISVILLE, CO-Boulder, CO-based Income Property Specialists has paid $6 million for the second phase of the Colony Square project here. The company now owns the entire project.

”We are excited to complete the total purchase of Colony Square,” says Jack Gindi, president and CEO of IPS. ”This property is an excellent acquisition for our company and will continue to provide stability and solid future growth for our investors.”

The 28,100-sf second phase at 1100 W. Dillon Rd. includes a number of tenants: Silverstone Mortgage, Fringe Hair Salon, Buy Back Gams, Pap John’s Pizza, Everybody Loves Wireless, Wahoo Fish Taco, Bellco Credit Union, Colony Cleaners, Bear Naked Sports, Panera Bread Café and All About Fitness. Currently, there is only one space of 2,102 sf available.

IPS acquired the first phase of Colony Square in May.

IPS is a full-service commercial real estate firm. It specializes in acquiring, managing, and selling apartments, offices, retail and other income producing properties. The privately-held company tries to identify undervalued properties and through effective management produce substantial returns to its investors.

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