Real Estate & Construction  October 3, 2016

Texas investors turn quick $5M profit on Lockheed Martin building in Boulder

BOULDER – A Dallas investment firm recently chalked up a 38 percent return on its 2014 purchase of a building aerospace giant Lockheed Martin leases in Gunbarrel.

Macfarlan Capital Partners closed on the sale of the property at 6304 Spine Road at the end of last month for $18.45 million. The buyer was a New York-based entity called Maia Boulder LLC.

Macfarlan bought the office building in July 2014 for $13.4 million.

Bethesda, Md.-based Lockheed Martin (NYSE: LMT) leases the entire 171,000-square-foot building, where the company employs roughly 450 people who support Lockheed’s Space Systems business.

Lockheed recently had signed a five-year lease extension…

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