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News Release: Just Sold – Colorado Life Sciences Conversion

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

JUST SOLD

LAFAYETTE CORPORATE CAMPUS

LAFAYETTE, COLORADO

TRANSACTION HIGHLIGHTS

DATE SOLD: 8/24/2021

SIZE: 293,394 SF

# OF BUILDINGS: 5

Lafayette Corporate Campus
CBRE Capital Markets | Healthcare and Life Sciences is pleased to announce the sale of the Lafayette Corporate Campus, a 293,394 square foot campus slated for life science conversion. Chris Bodnar, Lee Asher, Zack Holderman, Ryan Lindsley and Jordan Selbiger partnered with Tim Richey, Jenny Knowlton, Charley Will and Chad Flynn with the Denver Institutional Group to act as the seller’s exclusive advisors.

The five-buildings sit on 23-acres just north of the under-development Medtronic Inc. campus and SCL Health Inc.’s Good Samaritan Medical Center. The master-planned park features three single-story buildings and a pair of two-story buildings, located at 2600 Campus Drive and 2550-2675 Crescent Drive in Lafayette, just off U.S. Highway 287. The buildings already feature a concentration of life sciences tenants.

Colorado’s life sciences sector has experienced tremendous growth with record setting NIH funding and venture capital investment, placing it among one the fastest emerging life sciences clusters in the country. There is currently over 1.5 million square feet of tenant demand for lab space in the Denver-Boulder corridor. The dearth of turnkey space with has pushed average rents upwards of $50.00 per square foot NNN. With increased NIH funding, quality labor pool and strong commitment by nearby academic medical centers, the Denver-Boulder life sciences cluster is very well positioned for the future.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

CHRIS BODNAR

Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER

Vice Chairman
Investment Properties
+1 404 504 5965

ZACK HOLDERMAN

Senior Vice President
Debt & Structured Finance
+1 858 546 4670

RYAN LINDSLEY

Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER

Senior Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY

First Vice President
Debt & Structured Finance
+1 404 536 5054

www.cbre.us/cm-healthcare

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