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COLORADO SPRINGS-An office building within the Briargate Business Park here has changed hands for $17.6 million. An affiliate of Brookwood Financial Partners LP acquired the Research Corporate Center building from Old Broadmoor Plaza LLC.

Research Corporate Center is a three-story, 99,000-sf office building in the North I-25 Corridor submarket. The building is 90.3% leased.

Research Corporate Center is Brookwood’s first acquisition in the Colorado Springs market. “We believe the Colorado Springs market, and the North I-25 Corridor in particular, will experience increasing demand for office space,” says Brookwood COO Eve Trkla.

Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies. Michael Winn and Timothy Richey of Cushman & Wakefield had the disposition assignment.

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