DECEMBER 31, 2019
Balfour Pacific Sells Four Buildings in The Campus @ Longmont
Balfour Pacific Capital Inc. (“Balfour Pacific”) is pleased to announce the sale of four buildings in The Campus @ Longmont in Boulder County (Denver), Colorado. The buildings encompass a total of approximately 80,000 s.f. They were acquired by two separate buyers in transactions that closed in December 2019.
The Campus @ Longmont is an 869.615 s.f. flex office portfolio. Acquired in May 2017, it was the first investment under Balfour Pacific Real Estate IV, LP. The property is situated in Colorado’s technology hub, which enjoys Metro Denver’s lowest vacancy rates. “Our wholesale to retail and leasing strategies have allowed us to realize a portion of our investment at The Campus at a substantial premium to our acquisition price. We look forward to continuing to create and realize value on this successful investment,” commented Balfour Pacific’s Managing Partner, Mark Scott. With the recent sales, Balfour Pacific still owns 11 of the original 27 buildings in The Campus @ Longmont (448,760 s.f. of the original 869,615 s.f.).
About Balfour Pacific: Balfour Pacific is a private equity real estate firm focused on value-added investments in the United States. Should you wish to learn more about Balfour Pacific, please visit our website, www.balfourpacific.com.