This story first ran on BizWest.com, a BusinessDen news partner.
Ball Aerospace & Technologies Corp. this month purchased an office building in Broomfield’s Interlocken business park for $25.3 million.
The building at 12202 Airport Way is about 115,000 square feet and was built in 1999, according to Broomfield real estate records. It formerly housed Tsys Merchant Solutions LLC.
The seller was BPRE Interlocken Holdings, an affiliate of Vancouver, Canada-based private equity firm Balfour Pacific Capital Inc.
It’s unclear what Ball intends to do with the property. A Ball spokesperson did not return a call seeking comment.
The purchase by Ball comes at the same time the satellite-maker is preparing a major expansion project at its Boulder headquarters.
The aerospace arm of Westminster-based metal-packaging manufacturer Ball Corp. intends to add 310,000 square feet of new building space to its campus at the roughly 27-acre site on the north side of Arapahoe Road between 48th Street and Range Street. That would bring the total square footage there to just under 751,000.
The expanded campus could house as many as 2,000 Ball employees.
Ball has operated in Boulder since 1956 and has since spread operations to surrounding communities with cheaper, more-plentiful land for expansion.
In 2019,Ball broke ground on a new four-building, 186,000-square-foot Westminster headquarters located at the existing site of Ball’s Packaging Office Center at 9343 W. 108th Circle in Westminster. The same year, the firm unveiled plans to add 137,000 square feet of office and research and development space to Ball’s existing roughly 121,000-square-foot Broomfield R&D operation on 10 Longs Peak Drive.
Balfour Pacific bought the Airport Way building, known as Building III, last year as part of the acquisition of the four-building, 461,438-square-foot Mountain View Corporate Center office portfolio.
The $97.25 million deal was the company’s biggest to date.
“The sale of Building III, which represents 25% of the portfolio’s total square footage and whose single tenant was a known vacate prior to acquisition, was negotiated soon after Balfour Pacific acquired Mountain View,” the company said in a news release.
Balfour managing partner Mark Scott said in the release that the deal “significantly improves the risk profile of our investment and represents a timely and successful realization — a great win all around for Balfour Pacific.
This story first ran on BizWest.com, a BusinessDen news partner.
Ball Aerospace & Technologies Corp. this month purchased an office building in Broomfield’s Interlocken business park for $25.3 million.
The building at 12202 Airport Way is about 115,000 square feet and was built in 1999, according to Broomfield real estate records. It formerly housed Tsys Merchant Solutions LLC.
The seller was BPRE Interlocken Holdings, an affiliate of Vancouver, Canada-based private equity firm Balfour Pacific Capital Inc.
It’s unclear what Ball intends to do with the property. A Ball spokesperson did not return a call seeking comment.
The purchase by Ball comes at the same time the satellite-maker is preparing a major expansion project at its Boulder headquarters.
The aerospace arm of Westminster-based metal-packaging manufacturer Ball Corp. intends to add 310,000 square feet of new building space to its campus at the roughly 27-acre site on the north side of Arapahoe Road between 48th Street and Range Street. That would bring the total square footage there to just under 751,000.
The expanded campus could house as many as 2,000 Ball employees.
Ball has operated in Boulder since 1956 and has since spread operations to surrounding communities with cheaper, more-plentiful land for expansion.
In 2019,Ball broke ground on a new four-building, 186,000-square-foot Westminster headquarters located at the existing site of Ball’s Packaging Office Center at 9343 W. 108th Circle in Westminster. The same year, the firm unveiled plans to add 137,000 square feet of office and research and development space to Ball’s existing roughly 121,000-square-foot Broomfield R&D operation on 10 Longs Peak Drive.
Balfour Pacific bought the Airport Way building, known as Building III, last year as part of the acquisition of the four-building, 461,438-square-foot Mountain View Corporate Center office portfolio.
The $97.25 million deal was the company’s biggest to date.
“The sale of Building III, which represents 25% of the portfolio’s total square footage and whose single tenant was a known vacate prior to acquisition, was negotiated soon after Balfour Pacific acquired Mountain View,” the company said in a news release.
Balfour managing partner Mark Scott said in the release that the deal “significantly improves the risk profile of our investment and represents a timely and successful realization — a great win all around for Balfour Pacific.
