Real Capital Spends $188M on Denver-Area Life Sciences Campus

Real Capital Solutions (RCS) has acquired the Medtronic Lafayette Campus from Ryan Companies for $188 million. The acquisition consists of two five-story life science office buildings located at the intersection of HWY 287 and Northwest Parkway. The 42-acre, 404,159 square-foot property was completed earlier this year and is Medtronic’s second largest U.S. campus, which will eventually house about 1,200 employees. As the sole tenant of the property, Medtronic, the number one medical device company in the world, has guaranteed a 20-year triple-net lease.

RCS’s Marcel Arsenault touted, “This was a rare opportunity to acquire one of the only purpose-built life science assets in Boulder County. RCS is focused on high-credit, single tenant net lease deals and Medtronic fits this profile perfectly. This deal is extremely safe and ensures our investors receive a stable, safe cash flow over the coming challenging years.”