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Boulder business park bought for $625 million in largest single-asset sale in Colorado’s history

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The purchase spans 1 million square feet and 22 buildings with office and flex space. “The tenancy is a mix of life science and tech users,” said Ben Molk, senior vice president of Crescent Real Estate.

Boulder’s Flatiron Park near 55th Street and Arapahoe Avenue was at the center of a historic $625 million purchase that counted as the largest single-assetBioMed Realty, a San Diego-based real estate investment trust company,

its acquisition of the business park from JLL’s Capital Markets group, which worked on behalf of Crescent Real Estate LLC, the Real Estate business within Goldman Sachs Asset Management and Lionstone Investments, in April.1 million square feet and 22 buildings with office and flex space. “The tenancy is a mix of life science and tech users,” said Ben Molk, senior vice president of Crescent Real Estate.

BioMed used a holding company with various LLCs in its name, BRE-BMR, to make the purchase from GPIF Flatiron Business Park, which also contained various LLCs, said Boulder County Assessor Cynthia Braddock. The holding company also just acquired another building at 2100 Central Ave. in the Boulder business park for $17 million, she added.

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