State Farm campus ownership changes, again

GREELEY – An affiliate of Phoenix-based JDM Partners LLC, former owner of the Phoenix Suns and Arizona Diamondbacks, paid $60.8 million recently for the State Farm Insurance campus at 1555 Promontory Circle in Greeley.

The deal comes just a few months after Dallas-based private equity firm Lone Star Funds purchased the 55.5-acre campus from State Farm for more than $52.7 million in a sale and lease-back arrangement.

JDM is a partnership of Jerry Colangelo, David Eaton and Mel Shultz. Colangelo is a well-known sports executive who is managing director of the USA Olympic men’s basketball team. JDM has a major focus on…