Financial services firm buys building in Boulder for HQ

BOULDER — The founder of Professional Financial Services Inc. in Boulder has purchased the one-story building at 385 Broadway in south Boulder that will be renovated and become the headquarters for the insurance brokerage.

GTR Properties LLC, registered to Regan Turner, paid $1.6 million to 385 Broadway LLC, registered to Matthew Johnke, for the building that was constructed in 1957 as a medical office.

Johnke had purchased the building in 2015 for $1.25 million from Bruce Alan Tenenbaum. Johnke wanted to convert the site to a mixed-use building, but the plan met resistance from neighbors. The Boulder City Council subsequently denied a request for a zoning change for the new use.

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The property is just north of a building occupied by the National Institute of Standards and Technology.

Turner, who founded Professional Financial Services in 1994, was not available to comment on details of the renovation plan.

Realtor Mark Casey of TenantWisdom in Boulder, who represented GTR Properties in the transaction, said that after the renovation there will be about 1,500-square-feet of office space available to lease. Professional Financial Services currently is located at 4734 Walnut St., Suite 200, in Boulder.

The seller was represented by Michael-Ryan McCarty of Gibbons-White in Boulder.