NavPoint Real Estate Group Sells 48.166 Acres of Prime Development Land in Booming Castle Rock for $5,000,000
navpoint / September 7, 2017
Castle Rock, CO – NavPoint Real Estate Group is pleased to announce the sale of 48.166 acres of land at Citadel Station in Castle Rock. The seller was Fenway Partners, LLC and the buyer was Citadel Development, LLC. Matt Call and John Witt of NavPoint Real Estate Group handled the transaction which successfully closed in August 2017. The property is conveniently located off the Northwest Corner of I-25 and Plum Creek Parkway. P3 Advisors, experts in land development, plan to transform the vacant 65-acre property (with the adjacent 17 acres) into a resort anchored employment, retail, and entertainment district. The property will bring much needed hospitality/conference center and office park/campus primary employment opportunities to Castle Rock. The property enjoys frontage on Interstate 25 at a recently constructed full interchange with car counts approaching 100,000 vehicles per day and growing by more than 4,000 cars per year since 2013.
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