Progressive Insurance Joins The Offices at Victory Ridge – milehighcre.com

Progressive CasualtyInsurance Companyhas signed a lease for 18,089 square feet of office space at The Offices at Victory Ridge, the first Class A speculative office development in Colorado Springs in over a decade.

Brad T. Bird with CBREsColorado Springs office and John Marold with CBREs Denver office represented the landlord, Mission Hill Capital.

Securing a commitment of this caliber pre-delivery is a major winfor the project and the market overall. The leasing of this space to a high-profile tenant provesthere is demand for new, quality product, stated Mr. Bird.

The Offices at Victory Ridge is located at 10855 Hidden Pool Heights, off Interstate 25 and Interquest Parkway in northColorado Springs, surrounded by retail and entertainment offerings. The property includes onefour-story office tower and two two-story buildings to the east and west of Icon Cinema, a luxurytheater brand that opened in November 2017 at Victory Ridge and is home to Colorados largestmovie screen. Victory Ridge is also the site of In-N-Out Burgers first Colorado retail locationand new distribution facility, currently under construction. In addition to its office space, thelarger complex is slated to include 221 townhomes, medical office space, at least one hotel andnumerous other restaurants and retailers.

Upon completion, The Offices at Victory Ridge will total 145,053 square feet of office and retail spacewith flexible suites ranging from 1,330 square feet to over 100,000 square feet of contiguous space. Designfeatures include dedicated garage parking, expansive windows with front range views, third andfourth floor balconies, and first floor patio spaces.

Headquartered in Mayfield Village, Ohio, Progressive is a national insurance company and hasadditional office space located in North Colorado Springs.The new Progressive office space will be built out over the next several months with occupancytentatively scheduled for August 2020.

Photo courtesy of CBRE

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Progressive Insurance Joins The Offices at Victory Ridge - milehighcre.com