Westgate Office/Flex
The Property
Westgate at Powers is in the Pikes Peak Enterprise Zone which means businesses operating within this zone may be eligible for income tax credits or other tax breaks. 3% Investment tax credit on all equipment used in the zone. 3% credit on research and development conducted in the zone. Exemption form 3% state sales tax on any manufacturing equipment used in the zone. $500 credit for each new employee hired to work in a new business facility in the zone. Another $400 is added over two years if the business pays for at least half of employee's health insurance. Local governments also can rebate or refund personal property and sales tax on equipment used in the zone.
Highlights
- Approved density for general office, force-protected office and commercial uses up to 226,000 SF.
- Single story flex/lab/warehouse uses possible.
- Ideal location for defense contractors in SE submarket.
Drive Times
- Peterson AFB Visitor Center Main/West Gate (Powers & Stewart) - 4 Min (2.9 miles)
- Shreiver AFB - 24 min (17.2 miles)
- Norad - 24 min (13.4 miles)
- CS Airport - 9 minutes (5.6 miles)
Resources:
Site Plans | Renderings | Tax Incentives
The Area
The Westgate development will dramatically upgrade the infrastructure in the area. It opens the door for further development along the Powers/Airport corridor, benefiting the Department of Defence and Peterson Air Force Base employees, homeowners and businesses in the area, Westgate is the premier development to provide services to thousands of nearby workers and residents.
Highlights
- Economy Growth
- City Business Programs
- Nearby Employeers
Resources:
Area Demographics
Colorado Springs is the most populous city city in El Paso County, Colorado and sits at the base of Pikes Peak, one of the most famous mountains in the Americas. Colorado Springs is the second most populous city in Colorado, after Denver, and the 41st most populous city in the country. A Fort Carson Army installation was constructed in the city in the 1940's, and Colorado Springs still has a strong military presence to this day with the Peterson Air Force Base, the US Air Force Academy, US Space Command and more. Colorado Springs has posted positive population growth since its founding, with particularly strong growth during the 1960's and 70's when most large cities in the US were losing people to the suburbs.
Highlights
- Population Increase
- Business Growth
- Household Income
Resources:
Business Summary | Traffic | Population | Demographic
Nicola Myers-Murty
As a Vice President with Advisory & Transaction Services | Agency in Colorado Springs, Nicola Myers-Murty specializes in helping office building owners maximize the value of their real estate through property leasing and sales.
With more than 12 years of experience in agency/landlord representation, Nicola has worked extensively with both Class A and B institutional and investment properties across the region. In addition, she has a proven track record of working with office tenants and helping buyers of all sizes find the best properties to complement their investment portfolios. Her full range of consulting and marketing services include property analysis, branding and market positioning, leasing, sales, tenant representation and transaction management. Many of her clients are in the medical and dental fields.
719-325-0899
nicola.myers-murty@cbre.com
