August 5-August 18, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 11
by Jill Jamieson-Nichols
An 18,500-square-foot office
building off 28th Street and Base-
line Road in Boulder sold for $3.85
million, or $208.11 per sf.
Square Seven LLC bought the
five-story building at 777 29th St.
from 777 29th Street Associates
LLC. The property was 100 per-
cent occupied, however, 2,146 sf is
leased on a month-to-month basis
and is being marketed for lease to
a longer-term tenant, said Lynda
Gibbons of Gibbons-White Inc.,
who is part of the new ownership
group.
Gibbons said the property
offered a “solid location” and
multiple tenants. It allows for
medical, in addition to profes-
sional, office uses, and features
views, lobby and common area
upgrades, operable windows and
56 on-site parking spaces.
Built in 1979, the building is
located across 28th Street from the
1510 28th Street
Suite 200 Boulder, CO 80303 303.449.1420
BOULDER COUNTY
INVESTMENT OPPORTUNITIES
6309 MONARCH PARK PLACE - NIWOT
• 39,317 sq. ft. on 2.50 acres
• $4,350,000 ($110.64/sq. ft.)
• 100% leased thru October 2017
• Upside potential for a single or multiple users
• Centrally located between Boulder & Longmont
2245 BROADWAY - BOULDER
• 2,152 sq. ft. on .13 acres
• $1,076,000 ($500/sq. ft.)
• Walking distance to Downtown Boulder
• Freestanding building with parking and signage
• Great owner/user opportunity
5505 CENTRAL AVENUE - BOULDER
• 13,400 sq. ft. on .86 acres
• $1,950,000 ($145.52/sq. ft.)
• Owner/user or investment opportunity
• Located in Flatiron Park
For more information, please contact:
Boulder County & U.S. 36 Corridor
CoStar Group
The building at 777 29th St. was 100 percent occupied at the time of
the sale.
by Jill Jamieson-Nichols
Amgen has listed its
692,000-square-foot campus on
70 acres in Longmont, along
with 158.54 acres of adjacent
land, for sale.
The biotechnology company
announced a year ago it would
close its Colorado operations
and now is looking to divest
itself of the campus. It plans
to continue a small production
presence, possibly for a couple
of years.
The property at 4000 Nelson
Road consists of six buildings,
including four lab, produc-
tion and office facilities inter-
connected with a central util-
by Jill Jamieson-Nichols
A multitenant office building
at 75 Manhattan Drive was a
hot commodity and indicative
of activity in the Boulder mar-
ket.
The 23,178-square-foot build-
ing was placed under contract
at the asking price of $2.95 mil-
lion, but fell
out of con-
tract and sold
to a backup
buyer for $3
million, or
$129.43 per
sf. There was
yet another
offer at that
same price,
according to
Jessica Cashmore of The Colo-
rado Group, who represented
the seller with Colorado Group
brokers Gary Aboussie, Neil
Littmann and W. Scott Reichen-
berg. “I think it’s a testament
to the market right now,” said
Cashmore.
Manhattan Fortress LLC pur-
chased the property from Man-
hattan Plaza LLC, which had
updated the 1973 building.
“This was an excellent trans-
action for the buyer, seller and
the market,” said Cashmore.
Jessica Cashmore
