Flex and Industrial Redevelopment
Located in the master-planned Flatiron Business Park in Boulder, CO, the 95,869 SF two-story property boasts high-end finishes and a full-height glass façade providing maximum natural light and has historically attracted high-tech and financial services tenants. Repositioning efforts at the property included re-vamping interior common areas, all new finishes—including carpet, paint, furniture, and artwork, exterior grounds improvements including the removal of an obsolete water feature, new entry landscaping and parking lot resurfacing. These efforts resulted in the properties largest tenant leasing the entirety of the asset through attractive options and hard takedowns. The asset was 100% leased to IHS Markit (NASDAQ: MRKT), VISA (NYSE:V), Vexcel Imaging (Microsoft subsidiary), and Konica Minolta at the time of disposition in 2014.