Real Estate & Construction  July 6, 2023

Seagate sells Longmont facility for $101M, leases it back

Seagate
Conscience Bay Co. has purchased the Seagate Technology campus in Longmont for $101.5M. BizWest file photo
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LONGMONT — Conscience Bay Co., with headquarters at 929 Pearl St. in Boulder, has purchased the Seagate Technologies LLC property in Longmont for $101.5 million.

Seagate, which operates a 529,437-square-foot research and production facility on 40.51 acres at 389 Disc Drive near the intersection of Nelson Road and North 75th Street in west Longmont, will lease back the property for 10 years. The deal was recorded June 28.

Conscience Bay formed two companies, Sag Harbor LLC and Sag Harbor Dirt LLC, to conduct the transaction, according to Boulder County property records. Sag Harbor LLC bought the main facility for…

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
Categories: Today's News Commercial Real Estate Longmont Real Estate & Construction Sunday Weekly Conscience Bay Co. LLC Seagate Technology Holdings plc

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