Real estate syndicate and property manager, Tepuy Properties recently closed on its acquisition of a 68,400 square foot property at 100 Technology Drive in Broomfield- its largest acquisition to date.
Tepuy purchased the property, which consists of three flex/industrial buildings, for $11 million from Real Capital Solutions Inc. Located in the Interlocken Business Park, the newly purchased property joins Tepuy’s other property in the neighborhood, a similar single-story, 65,000-square-foot flex building at 295 Interlocken Blvd.
WK Real Estate's Commercial Broker Eric Rutherford represented Tepuy Properties during the transaction. They went under contract for the buildings back in October 2020. The three buildings were an ideal fit for Tepuy, which specializes in buying and leasing commercial space for tenants in manufacturing, biotechnology, office or distribution to thrive. Each of the three buildings have been 100 percent leased, allowing for pharmaceutical company Activax, Nordic outdoor apparel supplier Active Brands, Xero Shoes, Wavelynx Technologies and Derive Systems to operate efficiently.
Bottome started Tepuy Properties in 2013 as a way for investors looking to purchase commercial real estate to pool their resources together on different properties throughout the Denver and Boulder areas. 38 investors from the United States, Europe and Latin America have joined Tepuy in its purchase of the new building under a 506 (c) offering. This newest purchase will bring Tepuy Properties to 400,000 square feet spread across 12 properties, 17 buildings and 74 tenants throughout the Denver and Boulder area.