About Us

Inside Real Estate News is Denver's best local resource for all things real estate.


Big industrial deal in Springs

Becky Hurley

By Becky Hurley

Special to InsideRealEstateNews

Midnight Sun Capital LLC, in a venture with two Native American Alaskan investment groups, paid $11.175 million for a T-Mobile call center in Colorado Springs, the largest industrial building transaction so far this year in the Pikes Peak region.

The 69,287-square-foot building at 556 Chapel Hills Drive was sold to 556 Chapel Hills LLC, the entity created by Colorado Springs-based Midnight Sun to buy it.

The seller was DIV Briargate Property LLC, a Massachusetts limited liability company that teamed with Griffis/Blessing of Colorado Springs.  The building was originally part of a 283,000-square-foot Prime Center Business Campus acquisition last year.

Larimer heads Midnight Sun

Midnight Sun is a  private equity company headed by Colorado Springs attorney and native Hawaiian, Louie V. Larimer. Larimer is the president and CEO.

The T- Mobile building purchase was a collaborative venture between Larimer and two Alaska Native American corporations –  Cal Corp. and the Aleut Corp. Brady O’Donnell of Johnson Capital brokered the financing, which was provided by Wells Fargo.

“The acquisition of the T-Mobile call center with its strong cash flow is a continuing step toward fulfillment of our vision to create long-term, sustainable cash flow for native-owned organizations,” Larimer said.

The group’s acquisition strategy is focused on investing in core Class A income-producing properties.

Founded in 2009, during its first year, Midnight Sun Capital’s portfolio accumulated $10 million in assets.  It plans call  for an additional $15 million to $20 million in property acquisitions annually through 2012.

For more information, contact Louie Larimer, 719-440-6410 or email Louie@MidnightSunllc.com. Becky Hurley can be reached at 719-650-3272 or beckyhurley6@gmail.com. Hurley was a staff reporter at the Colorado Springs Business Journal from 2001 until 2010.





Comments are closed.