“It is our largest acquisition to date and is located in a dynamic submarket that we know well,” Balfour managing partner Mark Scott said in a prepared statement. “Our new fund committed to make the acquisition, and we then invited leading Canadian co-investors to join us in the investment. Mountain View is a true value-add opportunity and a great addition to our portfolio. We look forward to executing our value creation strategy.”
Balfour bought the Mountain View properties at 12002 Airport Way from Denver-based Westfield Co. Inc., Broomfield property records show.
Balfour is no stranger to the Boulder Valley commercial real estate market.
Developer plans to build apartments in RiNo instead of hospitality project
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Westfield closes on $31M purchase of Denver Mart real estate
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Local developer set to buy Denver Mart complex
Thomas Gounley photos)
The sprawling Denver Mart complex north of the city is slated to be sold to an entity affiliated with Denver-based developer Westfield Co.
The receiver recently appointed to oversee the property has been directed to sell it to Denver Mart Industrial Partners JV LLLP, according to Adams County court records.
That entity lists Westfield’s headquarters in RiNo as its address, and Westfield partner and Chief Financial Officer Steve Taniguchi as its registered agent. A company executive did not respond to requests for comment on Monday.
The court filings do not detail the expected sale price.