RMI sale-leaseback nets $13 million

3665_1AA laserA 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 deal demonstrated the strength of the market, drawing a broad range of potential buyers. The acquisition was Zaragon’s first investment in Colorado.

Read the entire article in CREJ’s Dec. 2-15 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…