Colorado Tech Center space fetches $6 7M – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Longtime Denver-based commercial real estate company Etkin Johnson announced Wednesday what it dubbed the âlargest industrial sale in Coloradoâ with its $392.9 million portfolio sale at Louisvilleâs Colorado Technology Center.
The 1.67 million-square-foot, 16-building, industrial portfolio was sold to an undisclosed institutional investor. Boulder County assessor records do not yet reflect the sale, as it still shows the properties owned by Colorado Technology Center Portfolio LLC of Denver with Etkinâs longtime 1512 Larimer St. address.
âIn addition to the quality of the assets, the portfolio drew interest for its strong credit tenancy, representing a mix of high-growth industries including aerospace, life sciences, manufacturing, e-commerce and third-party logistics,â CBRE Executive Vice President Jeremy Ballenger, part of the team who represented Etkin Johnson, said in a statement.
LOUISVILLE Denver-based developer Silver Point Development LLC recently purchased one of the few remaining vacant parcels in Louisville’s Colorado Technology Center business park with plans to build a new industrial building.
The developer bought the nearly seven-acre plot at 1875 Taylor Ave. from Freeman Myre Inc. for $3.2 million, Boulder County public records show.
Freeman Myre purchased the property about two years ago for $1.25 million.
“The demand for land increased dramatically over the last couple years, while our intention was to develop the site, after receiving multiple offers to purchase the land over the last few months we decided to sell,” Freeman Myre principal Andrew Freeman said in a prepared statement.