A Canadian real estate and private equity firm has added 27 commercial buildings to its portfolio, located in the Campus at Longmont in Colorado.
Balfour Pacific Capital Inc. in Vancouver bought the buildings for $69.6 million from U.S.-based Crescent Real Estate. The predominately office and flex-space buildings total 870,000 square feet. The Campus at Longmont sold for $80 per square foot.
The properties are approximately 85 per cent leased. Vacancies range from 1,250 square feet to 34,000 square feet.
Boulder-based Dean Callan & Company have handled leasing for the property since 2006. Sentinel Management Inc. will continue to manage the Campus at Longmont.
The property is located south of Nelson Road and west of South Hover Street.
