Medtronic sells Gunbarrel campus to Crescent for $36.5M
BOULDER — Medical-device maker Medtronic Inc. recently offloaded its seven-building, 453,565-square-foot flex-office campus and nearly eight acres of undeveloped land in Gunbarrel to investment group Crescent Real Estate LLC for $36.5 million
Boulder County public records show that the Longbow Drive campus was purchased by GPIF MT Boulder, an entity registered to Crescent’s Fort Worth, Texas, address. The GPIF stands for GP Innovation Funds, a unit formed after the 2016 combination of Crescent Real Estate Holdings and Goff Capital Partners.
The seller is listed as United States Surgical Corp., a former subsidiary of Covidien Plc. Medtronic…
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