Colorado Real Estate Journal - December 2, 2015
A sale-leaseback with a Chicago buyer netted Rocky Mountain Instrument $13 million for its 89,360-square-foot headquarters facility on 8.7 acres in Lafayette. Zaragon Inc., a real estate investment and management company, purchased the property at 106 Laser Drive. RMI signed a 20-year lease with the new owner. The property includes excess land, which Zaragon is making available for a build-to-suit up to 60,000 sf. CBRE Inc. is marketing the property to users looking to establish a presence or relocate within the northwest corridor submarket. CBRE’s Jeremy Ballenger, who handled the transaction with CBRE’s Jim Bolt and Tyler Carner, said the transaction demonstrated the strength of the market, drawing a broad range of potential buyers. The acquisition was Zaragon’s first investment in Colorado. Rocky Mountain Instrument’s facility is a Class A light-manufacturing property located just east of U.S. Highway 287, north of the Northwest Parkway. RMI, a leader in production of high-quality precision optics, has occupied the building since it was constructed in 1998. The property includes stateof-the-art laboratories, production and office spaces. It has 14- to 15½-foot clear heights, three drive-in doors and two docks.