UCAR buys building in Boulder

BOULDER – The University Corporation for Atmospheric Research, or UCAR, has purchased a 53,783-square-foot office building in northeast Boulder for $5.3 million.

The Boulder-based nonprofit for atmospheric sciences purchased 3375 Mitchell Lane from 3375 Mitchell Lane Ltd. headed by Michael S. Berman, according to Boulder County public records.

UCAR is a consortium of North American universities that manages the National Center for Atmospheric Research and UCAR community programs on behalf of the National Science Foundation. In 2008, the science foundation extended UCAR’s contract to manage NCAR for about $694 million through 2013.

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With the extension, UCAR continues to grow in Boulder. It already owns about 435,000 square feet of office, manufacturing and warehouse space at 3080 and 3085 Center Green Drive and at 3300 and 3450 Mitchell Lane. UCAR also leases about 28,000 square feet at 3060 Center Green Drive.

The latest real estate deal for UCAR was brokered by Becky Gamble with Dean Callan & Co. and Scott Garel with Frederick Ross Co., representing the seller, and Joe Hollister and Eric Brynestad with Jones Lang LaSalle representing the buyer.

3375 Mitchell Lane was part of a five-building portfolio for sale listed by Dean Callan & Co. and Frederick Ross Co. The other remaining available buildings include an 80,712-square-foot office building at 6285 Lookout Road; a 37,000-square-foot office building at 6655 Lookout Road and 123,200 square feet of office/flex space at 1625 and 1751 South Fordham St. in Longmont.

“With the current economic downturn, this sale was something of an anomalous event for any commercial product,” Garel said. “But the diversity of industries and high-tech companies in our state, and particularly in Boulder County, has drawn a high level of interest lately from both local and national companies and government agencies seeking real estate.”