Tebo buys 3 buildings on Pearl Street Mall

BOULDER — Boulder real estate investor and developer Stephen Tebo has added three more buildings to his downtown Boulder portfolio and is looking for more.

Tebo-1207 LLC last week paid $5,425,000 for 1207, 1211 and 1215 Pearl St., three historic buildings on the Pearl Street Mall that total 12,892 square feet.

Tebo, founder and owner of Tebo Development Co., said he purchased the buildings for a simple reason: “Location, location, location.”

The buildings are 100 percent leased, with retail tenants Woody Creek Bakery, Pitaya and Gaiam on the ground floor and offices above.

The seller was 1207 Pearl Street LLC.

“They were at a point…