Boulder office building portfolio trades for $101.25 million

Boulder portfolio

JP Morgan closed a blockbuster deal in downtown Boulder with the $101.25 million acquisition of three office buildings.

The portfolio included 1050 Walnut, Canyon Center at 1881 19th St., and 1900 15th St. The seller was Blackstone Group, which spun off the buildings from an approximately $2 billion portfolio it bought last year.

“This is the only portfolio that offered a fee-simple acquisition of this size in downtown Boulder in close to 20 years,” said JLL Executive Vice President Patrick Devereaux. “We had 12 offers and as strong a demand as any offering in recent history in Denver.”

Devereaux, along with JLL’s Jason Schmidt and Baxter Fain, spearheaded the deal in JLL’s Denver office.

Read about the transaction in CREJ’s Jun 21-July 4, 2017, issue.

Jill Jamieson-Nichols has been an Editor with the Colorado Real Estate Journal for more than 15 years, providing coverage of office, industrial, hospitality and mixed-use development news in the Denver metro area, plus all property types in Northern Colorado, Boulder County and along the Highway 36 corridor. Prior to joining CREJ, Jill was Editor of…