Commonwealth Building, fully leased, sold in Boulder

BOULDER — Two multimillion-dollar building sales in Boulder County this month are indicative of the sting felt by local developers in the wake of the downturn in the office lease market. The sales are a boon to Boulder’s economy but also show a conservative streak among buyers in the market.

In the largest sale, the Commonwealth Building at 1843 Folsom in Boulder was sold for $3 million to a trio of investors led by Neil Lubar of Gibbons-White Real Estate. Lubar, along with George Vicenzi of New York and an unnamed partner in Aspen, purchased the 17,000-square-foot building for roughly $175…