Cress Capital pays $55.6M for commercial buildings in Fort Collins

Editor’s note: The amount paid by Cress Capital affiliates for the Fort Collins portfolio has been corrected.

FORT COLLINS — Real estate investment firm Cress Capital LLC has acquired several commercial properties in Fort Collins that were part of a blockbuster deal in 2015 between Boulder-based W.W. Reynolds Cos. and Seattle-based Unico Properties Inc.

Newport Beach, Calif.-based Cress Capital, with an office in Denver, earlier this month paid $55.6 million to Denver-based Pauls Corp., for 23 office, flex and industrial buildings totaling approximately 500,000 square feet located between East Prospect Road, Midpoint Drive and Sharp Point Drive.

“We were attracted…