We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Colorado secretary of state documents show that Newlands House is an entity formed last month by Caroline Pfohl. She is the founder of the Hemera Foundation, a Bermuda-based philanthropic organization operated in Boulder as Hemera Regnant LLC.
Hemera Regnant chief financial officer Rob Kaufold said Friday that Hemera would be locating in the 4,900-square-foot building at 3011 Broadway.
The building has been home to insurance agency CBIZ MeyersDining. Newlands LLC, the 3011 Broadway seller, was formed by Gary Meyers and Elizabeth Dining, who merged their firms in 2005 before the company joined CBIZ in 2009.
Geoffrey Keys of Keys Commercial represented the seller in the building sale, and Angela Topel of Gibbons-White represented the buyer.
Meyers, president of CBIZ MeyersDining, couldn’t be reached Friday. But Keys said that the insurance agency would be moving to another Boulder location by the end of the year.
The Newland Mansion was built in 1889 as an inn, and converted to an office building in 1983, Keys said. He said the price of $388 per square foot gives an indication of where Boulder’s strong office market is headed, particularly given that the building isn’t located in the core of downtown.
“It’s a pretty strong number,” Keys said. “That should bring a smile to the faces of a lot of small building owners.”