Alaskan firm acquires another building in the Campus at Longmont

LONGMONT — Anchorage, Alaska-based Pacific Acquisitions LLC on Thursday closed on the $6.4 million purchase of a 49,600-square-foot building in Longmont that has housed Matheson Tri-Gas Inc. for the past 23 years.

Pacific Acquisitions acquired the property at 1861-1871 Lefthand Circle, located in the Campus at Longmont business park, from Goff Capital Partners LP of Fort Worth, Texas.

CBRE’s Geoff Baukol, Tyler Carner and Jeremy Ballenger represented Goff in the sale.

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This was Pacific Acquisitions’ fourth purchase of commercial properties in the region that have been 100 percent leased by single tenants.

In August, Pacific Acquisitions paid $14 million to Goff Capital Partners for the 90,500-square-foot building at 1900 Pike Road in the Campus at Longmont occupied by Micron Technology Inc.

In April, Pacific Acquisitions purchased a 200,420-square-foot building in Frederick for $16.6 million from Minnesota-based Founders Property. Fort Collins-based Otter Products LLC is leasing the warehouse and using it as a national distribution center.

In 2013, Pacific Acquisitions made its first purchase in the region, a $100,175-square-foot industrial building at 4690 Florence St. in northeast Denver for $8 million. It is leased to Broder Bros. Co.

To date, Pacific Acquisitions has invested about $44 million in Colorado real estate.

“The Denver market is performing exceptionally well as of late,” said Stuart Bond, managing director of Pacific Acquisitions, “Between the diversified economy and positive demographic trends, we expect the market will continue to grow at a pace well-above average, meaning solid investments like the four we’ve most recently made are well-positioned to benefit.”

Pacific Acquisitions has purchased or sold more than $1.5 billion of commercial assets across the Western United States during the past 25 years.