Sale Transaction

NavPoint Real Estate Group Sells 382 Acres of Land in Castle Rock for $3,600,000

By January 9, 2020 No Comments

Castle Rock, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of Dawson Ridge and Westfield Trade Center—6 parcels of land consisting of 382 total acres located in Castle Rock at the future junction of Crystal Valley Parkway and I-25.

Established in 1986, the 280.7 Acres sold as part of Dawson Ridge include multiple infrastructure improvements. Improvements constructed in the initial development phase in the late 1980’s include: 3 wells, below-grade storage tank, sever pump stations, sewer systems, underground electrical distribution system, 4 road segments, streetlights, and landscaping.

Established in 1989, the 101.6 Acres sold as part of Westfield Trade Center include no infrastructure improvements.

These parcels offer the buyer both residential and commercial development opportunities in booming Castle Rock. Ease of access to these parcels will improve in coming years as a new interchange is planned to connect Crystal Valley Parkway to I-25.

Matt Call and John Witt of NavPoint Real Estate Group represented the seller, Pueblo Bank & Trust, in this transaction. The buyer was Greenwood Development Group, a local investor/developer.

According to Call, “The entire Dawson Ridge project has been a puzzle various developers have been trying to solve for years, we had a tremendous amount of interest in this asset and believe that Greenwood Development will set things in motion for the entire Southwest Quadrant of Castle Rock. This is a very exciting transaction for anyone that has been in or around Douglas County and knows about Dawson Ridge.”

This transaction successfully closed in December 2019.