News

ARMSTRONG CAPITAL DEVELOPMENT, LLC ANNOUNCES SALE OF HEARTLAND DENTAL’S SAND HILL DENTAL CARE BUILDING IN COLORADO SPRINGS

11/5/2021

Denver, CO - Armstrong Capital Development (ACD) is pleased to announce the sale of Sand Hill Dental Care (the Property), a 4,000 square foot net-leased single-tenant medical building located at ACD’s Sand Hill shopping center in Colorado Springs, Colorado. Leased to Heartland Dental, the nation’s largest dental support organization, the newly constructed asset sold at a 5.25% cap rate to a local private investor on November 5, 2021.

MODERN MARGARITA TO JOIN THE PLANT SHOPS IN CHANDLER

10/19/2021

Denver, Colorado – Armstrong Capital Development, LLC announces that Modern Margarita will soon open a new location at The Plant Shops in Chandler, Arizona. The ten-year deal, brokered on behalf of Armstrong by the Common Bond Development Group, is for a 2,555 square foot end cap unit with an additional 1,100 square feet of planned patio dining. The gourmet small plate Mexican concept is expected to open at 4165 South Gilbert Road in 2022.

ACD Sells Parkway Village Shopping Center

6/9/2021

Provo, UT - Armstrong Capital Development (ACD) is pleased to announce the recent sale of Parkway Village, a 102,000 square foot, Walmart-anchored shopping center located at 2255 N University Pkwy in Provo. The sale follows ACD’s completion this spring of a value-add redevelopment program designed to leverage the property’s high-profile location, marquee tenancy and strong buyer appetite for stabilized, Class A retail investment opportunities. Brad Lyons of CBRE was the transaction broker