Colorado Real Estate Journal -
An investment group looking for a high-quality, leased asset closed the year with the largest office transaction in Larimer County. Gravical Real Estate Holdings LLC paid $8.35 million for the 100 percent-leased property at 6125 Sky Pond Drive in Loveland. Big Beaver Properties LLC, which developed the 30,000-squarefoot Class A building, sold it for $278.33 per sf. The building was a build-to-suit for Kennedy and Coe, one of the country’s largest accounting and consulting firms. The company relocated its Greeley offices to the second floor of the LEED Silver building in 2009. The Eye Center of Northern Colorado occupies about two-thirds of the first floor, and Morgan Stanley Smith Barney leases the remaining space. All of the tenants have at least seven years remaining on their leases. The purchasers were looking for a passive investment that represented new, quality construction in a good location with long-term leases, said Sperry Van Ness/The Group Commercial broker Mike Eyer, who represented them with SVN/The Group broker Julius Tabert. “This was one of the very few buildings in Northern Colorado that fit their criteria,” said Eyer. “All three of those tenants relocated from Loveland, Greeley and Fort Collins to be in that location because it is a regional location and they could draw from a larger demographic,” he said. The building is located just south of the Promenade Shops at Centerra. Kyle Lundy of Sperry Van Ness/The Group Commercial represented the seller in the deal. Financing was provided by the Bank of Colorado.