Pepsi sells 30-acre RiNo property for $158M

This article first appeared on BusinessDen.com, a BizWest news partner.

Pepsi’s bottling facility on 30 acres in RiNo has sold for $158 million.

Stoltz Real Estate Partners, which is headquartered in the Philadelphia area, purchased the property at 3801 Brighton Blvd. on Friday, according to public records.

The deal works out to about $5.3 million an acre, or $120 a square foot.

BusinessDen reported on Thursday that a sale to Stoltz was expected by the end of the week. CBRE started marketing the property for sale in mid-2021.

Stoltz didn’t respond to requests for comment over the weekend, or prior to the closing.…