Murphy Co., one of the nation’s largest mechanical contracting firms, has acquired Northern Business Center, a 128,998-square-foot office/manufacturing building at 12789 Emerson St. in Thornton.
The company plans to transform the manufacturing area into 90,000 sf of fabrications space and relocate the majority of its Colorado-based employees into 40,000 sf of office space by January 2021.
“This acquisition reflects a major investment in the progression of our company and is reflective of the business success Murphy Co. has experienced in the Colorado marketplace,” said Patrick Murphy Jr., the company’s president and CEO.
“We will be consolidating all functions into a single building. This will allow us to more than double our fabrication and manufacturing capacity to serve our clients. The previous owner of the facility added several valuable office amenities to complement the recent build-out of its well-finished office space. Our Murphy team will have a comfortable home for decades.”
The sales price wasn’t released, but records show National Energy Services and Investments LLC sold the building on 11.6 acres for $10.9 million, or $84.50 per sf.
Matt Capecelatro of Citywide Commercial Properties and Rob Lockhart of Ringsby Realty Corp. represented Murphy Co. in the acquisition of Northern Business Center. Jules Sherwood of Kenai Capital Advisors represented the seller.