BOULDER,
Colo., July 1, 2024 /PRNewswire/ --
ScanlanKemperBard (SKB), and Landrock (Landrock) are excited to
announce the acquisition of the Walnut Business Center, a
significant urban industrial and retail complex located in the
heart of Boulder, Colorado. This
strategic acquisition highlights SKB and Landrock's commitment to
revitalizing key properties and enhancing the communities they
serve.
Walnut Business Center comprises eight buildings across a
sprawling 6.4-acre city block in central Boulder. The property presents a unique
opportunity for both economic growth and community
development.
"Our vision for the Walnut Business Center goes beyond just a
real estate investment," said Todd
Gooding, President of SKB. "We are committed to
transforming this property into a modern, vibrant space that meets
the needs of today's tenants and enhances the overall community
fabric of Boulder. We look forward
to working with existing and future tenants to create a place where
employees thrive!"
SKB and Landrock plan to invest heavily in capital improvements
to modernize Walnut Business Center. The redevelopment will focus
on creating a state-of-the-art urban mixed-use district that caters
to a variety of tenants. Planned enhancements include upgrades to
roofing, parking lots, and mechanical systems, as well as
significant aesthetic improvements.
" Walnut Business Center will be rebranded and reintroduced
to the market as an institutional-quality campus," added
Landrock Partner Beau Wittmer. "Our goal is to create a space
that not only serves high-quality tenants but also contributes
positively to the Boulder
community by providing a modern, efficient, and aesthetically
pleasing environment."
The property's central location between Walnut Street and Pearl
Parkway, just two blocks from Highway-36, ensures excellent
connectivity to the entirety of the Boulder community. The area is home to major
employers including Google, IBM, and Qualcomm and amenities such as
the Twenty Ninth Street mall, as well as numerous
recently-completed and ongoing multifamily, life-sciences and other
development projects.
SKB and Landrock's redevelopment plan aims to support
Boulder's growth by providing
high-quality industrial, retail, and flex space that meets the
evolving needs of businesses while respecting the city's unique
character and community values. By transforming the Walnut Business
Center, SKB and Landrock seek to contribute to Boulder's economic vitality and enhance the
quality of life for its residents and workforce.
For more information about SKB and Landrock and their plans for
the Walnut Business Center, please contact:
Media Contact:
Todd Gooding
President
SKB
503.552.3562
tgooding@skbcos.com
Julie Heidtke
Partner
Landrock
312.604.7902
jheidtke@landrock.com
About SKB
Founded in 1993, SKB is a real estate investment and development
firm headquartered in Portland,
Oregon, focused on investment and development activities in
major markets on the West Coast. To date, SKB has generated over
$5.35 billion in portfolio
activities, including 105 transactions comprising over 33 million
square feet. For additional information about SKB, please
visit www.skbcos.com.
About Landrock
Landrock is a real estate investment
firm focused on repositioning middle-market properties throughout
the United States, through a
series of private investment funds. Landrock's partners include a
select group of university endowments, foundations, and family
offices, among others. For additional information
about Landrock, please visit www.landrock.com.
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SOURCE SKB