OCTOBER 28, 2019
Balfour Pacific Sells Trade Centre Portfolio in Boulder County
Balfour Pacific Capital Inc. (“Balfour Pacific”) is pleased to announce the sale of the Trade Centre Portfolio, which comprises four of the original 27 buildings in the Campus @ Longmont. The transaction closed on October 28, 2019.
The Campus @ Longmont is an 869.615 s.f. industrial 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. “Since acquisition, we have executed on our wholesale to retail divestment strategy, increased rental rates and improved our tenant roster,” commented Balfour Pacific’s Managing Partner, Mark Scott.
Balfour Pacific has sold 12 of the 27 buildings in The Campus @ Longmont to date.
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.