Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Southwest  + Healthcare  | 
Flatiron Park in Boulder, CO reportedly sold for more than $600 million

BioMed Deal is Largest Single-Asset Sale in Colorado History  

JLL‘s Capital Markets group has closed the record-setting sale of Flatiron Park, a 22-building life sciences and office campus totaling one million square feet in Boulder, CO. The sale represents the largest single-asset sale in Colorado’s history. 

JLL’s Mark Katz, Peter Merrion and Hilary Barnett, supported by Phillip Anderson and Kelly Kramer, worked on behalf of the seller, a joint venture between Crescent Real Estate, the Real Estate business of Goldman Sachs Asset Management and Lionstone Investments.  

BioMed Realty, a Blackstone portfolio company, purchased the campus, reportedly for north of $600 million, and plans to invest an additional $200 million in the property. 

“BioMed’s acquisition of Flatiron Park will greatly benefit the rising life sciences ecosystem in Colorado,” Katz said. “BioMed is one of the top life sciences and technology real estate companies in the world and we are unbelievably excited to see where they will take this project.” 

Connect

Inside The Story

JLL's Katz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
Money360-10-cube