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Ektin Johnson sells off CTC portfolio for $393M, winds down operations – BizWest


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.” ....

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$393M industrial portfolio sale in Louisville's CTC | Business


Longtime Denver-based commercial real estate company Etkin Johnson announced Wednesday what it dubbed the “largest industrial sale in Colorado” with its $392.9 million portfolio sale at Louisville’s 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 Etkin’s longtime 1512 Larimer St. address.
“In 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,” CBRE Executive Vice President Jeremy Ballenger, part of the team who represented Etkin Johnson, said in a statement. ....

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