Warehouse site marked for redevelopment

BOULDER – Boulder-based investors have purchased two warehouses in the Transit Village area in Boulder for $16.6 million and have long-term plans to redevelop the site.

Flax Pond LLC bought the properties at 3550 and 3850 Frontier Ave. from New Frontier Warehouse LLC in a deal that closed Dec. 28, said Eli Feldman, president of Conscience Bay Co., the Boulder private equity firm that owns Flax Pond.

The warehouses total 188,000 square feet, and the land is about 11 acres.

Feldman said the property is well positioned to take advantage of long-term growth in the Transit Village area and will eventually be redeveloped.

“When…