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JUST CLOSED - BURLINGTON COAT FACTORY at CITADEL MALL
An out-of-state buyer purchased the Burlington Coat Factory store in Colorado Springs, Colorado. The property was constructed in 1971 and renovated in 2006. The subject property is located in The Citadel Mall, a two-level, 1.1 million square foot enclosed super regional mall anchored by JCPenny, Dillard's, Sportsman's Warehouse, Babies "R" Us, and Barnes & Noble along with others.
The subject property consists of one commercial retail building totaling approximately 99,703 square feet situated on approximately 7.29 acres. The property was 100% occupied at the time of the sale. Burlington Coat Factory, which operates the industry's 15th largest seller of home textiles, luxury linens, filed papers on July 7, 2013 to raise up to $175 million in an IPO or initial public offering. Burlington operates 503 stores.
DePaul Real Estate Advisors represented the seller in the transaction.
For additional information please contact Paul DeCrescentis or Jarod Pate with DePaul Real Estate Advisors at 303-333-9799.