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Ektin Johnson sells off CTC portfolio for $393M, winds down operations
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LOUISVILLE Etkin Johnson Real Estate Partners, one of the main developers of the Colorado Tech Center, has sold off its remaining 16 properties in the Louisville business park for just under $393 million and plans to wind down the company’s operations after more than three decades in business.
That’s good for the largest sale by dollar volume in Colorado history. BizWest
that the portfolio, along with other Etkin Johnson holdings, was on the market.
The sales have yet to be recorded with Boulder County, and Etkin Johnson is not identifying the institutional investor that scooped up the 1.67 million-square-foot portfolio.
However, 20 limited liability companies with names that include the CTC properties’ addresses or other references to CTC have been registered with the Colorado Secretary of State’s office in recent weeks. For example, one of the newly formed entities is called “SREIT 1480 Arthur Avenue LLC.”