Heartwood Properties opens HQ in Boulder

BOULDER — Real estate entrepreneurs Eric Mallon and Seth Halpern have formed Heartwood Properties Inc., a property-management and brokerage firm, and Heartwood Capital LLC, an affiliate real estate investment firm.

Heartwood Properties and Heartwood Capital are headquartered at 1539 Pearl St. in Boulder and also maintain an office in Chicago.

Heartwood Properties was formed as the result of Mallon and Halpern acquiring the property-management division of Boulder-based developer Element Properties and merging it with their Chicago-based South Shore Partners LLC.

Financial terms of the deal were not disclosed.

Scott Holton and Chris Jacobs, co-founders of Element Properties, continue to own and operate Element’s development division. The…