DENVER, Colorado, May 3, 2022 (PRWEB) May 03, 2022 In a new joint-venture with the Denver-based Brue Baukol Capital Partners, healthcare and life sciences
Redtail Ridge purchase price revealed at $35M
This story first ran on BizWest.com, a BusinessDen news partner.
Phillips 66 Co. sold the Redtail Ridge property in Louisville for $34.93 million, a discount of just more than 37 percent from the $55.6 million that ConocoPhillips paid for the property in 2008.
ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
Sale
of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by the Boulder County Clerk & Recorder on Dec. 14, and recently uploaded to the county website.