A local partnership has acquired one of the last development sites in the Colorado Tech Center in Louisville for construction of an 83,000-square-foot flex building.
Freeman Capital Management, led by Andrew Freeman, purchased the 6.8-acre site at 1875 and 1923 Taylor Ave. from Barry Manley for $1.25 million.
Freeman is working with RVP Architecture to design the new building, which will be available for sale or lease. It will feature 24-foot ceiling clearance, multiple dock-high doors and divisibility to 40,000 sf.
The improved site sits at the main entrance to the Colorado Tech Center. It is located between Pearl Izumi’s building and a new FedEx distribution center.
“The site was purchased via a 1031 exchange out of two buildings recently sold in Broomfield,” said Freeman. “It’s a fantastic site, minutes from downtown Louisville, Exempla Medical Center and University of Colorado. The site has direct access to the Northwest Parkway and is minutes from Highway 36 with direct access to both Boulder and Denver.”
The acquisition is Freeman’s third in the CTC. Existing buildings owned in the park include a 74,000-sf industrial building at 740 S. Pierce and a 31,000-sf building at 397 S. Taylor.
Paige Coker Heiman of Acquire represented the seller in the transaction.