GREELEY — Boles Management LLC has acquired the building in Greeley that is home to Polytech Wind Power Technology Inc. and Hydrozonix LLC.
Greeley-based Boles Management paid $5.5 million to IH Holdings Eleven LLC for the approximately 42,000-square-foot industrial/distribution facility at 11407 W. 24th St. in the Greeley Technology Center.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
The building was fully leased at the time of the transaction.
Brian Mannlein represented Boles Management, and Jason Ells and Travis Ackerman represented IH Holdings Eleven in the transaction. All three Realtors work in Cushman & Wakefield’s office in Fort Collins.