CBRE lists former ConocoPhillips site

LOUISVILLE – International commercial real estate firm CBRE Inc. has the listing to sell the 432-acre property in Louisville that, until last year, was going to become a training and research center for ConocoPhillips.

The property formerly was owned by Storage Technology Corp. and Sun Microsystems Inc. before being sold to ConocoPhillips (NYSE: COP) in 2008 for $55.6 million. ConocoPhillips subsequently spun off Phillips 66 (NYSE: PSX) into an independent company, which inherited the project. In 2012, Phillips 66 paid Conoco $38.1 million as part of the split of assets, according to Boulder County property records.

CBRE’s team on the project includes senior vice president Frank Kelley, who has extensive industrial and office listings in the U.S. Highway 36 corridor. First vice presidents Martin Roth and Eric Roth, who focus on land sales, also are on the team. The three brokers are based in CBRE’s office in Greenwood Village.

Sanford Criner, executive vice president for global corporate services, also is on the team, according to a release from CBRE. Criner works out of CBRE’s Houston office, according to its website. Houston is the home of Phillips 66’s headquarters.

CBRE (NYSE: CBG) is headquartered in Los Angeles.

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