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User buys office/flex building off Harmony for $6.49 million

A user paid $170 per square foot for the building at 4862 Innovation Drive in Fort Collins.

A Northern Colorado concrete company recently cemented the acquisition of an office/flex building off the East Harmony Road corridor in Fort Collins.

Peak Cos., which was occupying the 37,993-square-foot building at 4862 Innovation Drive on a short-term lease, purchased the property for $6.49 million, or $170 per sf. Oakridge Innovation LLC was the seller.

Josh Guernsey and Jake Arnold of Waypoint Real Estate marketed the building for sale and received “a great deal of interest,” according to Guernsey.

“With extremely limited existing inventory of office/ flex space along the Harmony corridor, users saw this as a great opportunity to own a building ready for immediate occupancy, with a location on a prominent corridor and a sale price at a substantial discount from new construction costs,” he said.

Mark O’Donnell and Randy Marshall of Doberstein Lemburg Commercial represented Peak Cos. in the transaction.

Beckman Coulter, which occupied 4862 Innovation for several years, vacated the building following a lease expiration, joining Hach Co. at its facility in Loveland. Both companies are part of Danaher Corp.

Featured in CREJ’s Feb. 5-18, 2020, issue

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…