Contact:
Kate Faricy
PRACO
(719) 476-4923
kate@praco.com

Nor’wood Acquires Alamo Corporate Center
Investment in Downtown Colorado Springs Continues

Colorado Springs, CO (October 26, 2005)  Nor’wood Development Group announces the purchase of the Alamo Corporate Center located at 102 South Tejon Street.  The 190,000 sq. ft. office building was acquired today from the Utah State Retirement Fund.  Built in 1982, the 12-story building currently houses Mulliken Weiner Karsh Berg & Jolivet, P.C.; Peoples National Bank; Sierra Commercial Real Estate, Inc.; and Land Title Guarantee Company; amongst others.

“The acquisition of this Class A office property reinforces our commitment to the heart of our city and our participation in the future of Colorado Springs,” said Chris Jenkins, Principle at Nor’wood Development Group.  Nor’wood currently owns and resides in the Plaza of the Rockies, located directly across Tejon Street from the Alamo Corporate Center.

“Nor’wood’s pledge to quality, transparent planning, and community dialogue make them a significant asset to our city,” said Beth Kosley, Executive Director at the Downtown Partnership.  “It’s wonderful to see local companies like them continue to invest in Colorado Springs.”

About Nor’wood
Founded in 1978, Nor’wood Development Group is a private, closely held company with demonstrated success across a wide spectrum of real estate projects: master planned communities, office and industrial developments, retail and mixed-use properties exclusively in the Colorado Springs area.  Current projects include Nor’wood and Wolf Ranch master planned communities, Plaza of the Rockies, First & Main Town Center, Mesa Ridge in Fountain, Powers Autopark, and Palmer Village.  Early planning is underway for a mixed-use building downtown dubbed Pikes Peak Place that will include office, retail, residential, parking and public space.

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