Balfour Pacific sells industrial sites in Longmont portfolio
LONGMONT — Balfour Pacific Capital Inc., through holding company GCC Longmont Holdings LP, sold nine of its 10 remaining properties in its Campus at Longmont portfolio this month to BPVIF V Holdings 10 LLC, an affiliate of California investment outfit Berkeley Partners for just more than $20.2 million, Boulder County public records show.
The portofolio, located in southwest Longmont, totalled roughly 300,000 square feet.
The deal represents Vancouver, Canada-based Balfour Pacific’s first with Berkeley Partners, according to Balfour managing partner Mark Scott.
“We’d never done a deal with them, but they’re a very high-quality institutional investor,” he told BizWest.
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