W.W. Reynolds shakes up its Boulder portfolio

BOULDER — W.W. Reynolds Cos. has acquired the commercial building on Arapahoe Avenue in Boulder that is home to UCHealth clinics, according to Boulder County public records.

W.W. Reynolds, also recently sold three of its commercial buildings and a parcel of vacant land in Boulder for a total of $31.4 million, according to county documents.

Using the entity Reynolds Exchange LLC, the Boulder-based company in October paid $21.3 million to Doctus Partners LLC, an investment group led by Scott Pudalov of Boulder, for the 53,122-square-foot building on 2.75 acres at 5495 Arapahoe Ave. that is leased to Aurora-based UCHealth.

W.W. Reynolds in October sold three industrial/flex buildings to Ivy Realty, a real estate investment firm based in Greenwich, Conn. Ivy purchased 6000 Spine Road, a two-story, 57,586-square-foot building in the Gunbarrel Business Park, for $11.6 million. It also acquired two buildings in the Lake Centre Business Park — 5330 Sterling Drive, a two-story, 47,126-square-foot building for $6.4 million; and 5360 Sterling Drive, a two-story, 38,264-square-foot building for $5.5 million, according to public records.a

On Sept. 1,  W.W. Reynolds sold 14.9 acres of vacant land at 5801 and 5847 Arapahoe Ave. for $7.9 million to a group of investors in Boulder County led by William Shutkin and David Zucker plus Denver-based Zocalo Community Development, which wants to build housing on the site. Zocalo, through Boulder-based Coburn Partners, has submitted an application to the city of Boulder’s planning department to develop the land with housing and commercial buildings. Shutkin said plans call for 340 units of housing of which 40 percent would be below market rate, and 16,000 square feet of commercial space suited for small businesses and nonprofit organizations. He said the project will at minimum achieve LEED Gold certification.

W.W. Reynolds owns, manages or leases nearly 3 million square feet of commercial office, retail and industrial property in Boulder, Northern Colorado and along the Front Range.

W.W. Reynolds, Ivy Realty and Zocal Community Development did not respond to requests for comments on the transactions.

This story was updated Nov. 13 with comments from William Shutkin.