{"id":1004202394,"date":"2018-01-05T06:07:18","date_gmt":"2018-01-05T14:07:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004202394"},"modified":"2022-12-09T02:21:04","modified_gmt":"2022-12-09T10:21:04","slug":"broe-real-estate-snags-co-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-snags-co-asset\/","title":{"rendered":"Broe Real Estate Snags CO Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\"><div id=\"attachment_1004202397\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004202397\" data-attachment-id=\"1004202397\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-snags-co-asset\/2452-clover-basin-drive-longmont-colo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1515071068&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2452 Clover Basin Drive, Longmont, Colo.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2452 Clover Basin Drive, Longmont, Colo.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg?w=800\" class=\"wp-image-1004202397 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg\" alt=\"2452 Clover Basin Drive, Longmont, Colo.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/2452-Clover-Basin-Drive-Longmont-Colo..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004202397\" class=\"wp-caption-text\">2452 Clover Basin Drive, Longmont, Colo.<\/p><\/div><\/p>\n<p>Broe Real Estate Group has acquired an office\/lab facility in Longmont, Colo. Located at 2452 Clover Basin Drive, the 461,000-square-foot business campus is situated on 24 acres. Originally constructed in 1989, the property was renovated and expanded in 2001 in conjunction with a long-term lease with Seagate Technology, formerly known as Maxtor Corp.\u00a0<\/p>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p>In 2007, Seagate vacated the property but continued to make lease payments until the expiration of\u00a0its lease in 2016.\u00a0Afterwards, the property was transferred through a deed in lieu of foreclosure transaction to a special servicer. The asset\u00a0is located off the end of CO 119, known as the Diagonal Highway, which connects\u00a0<span class=\"xn-location\">Longmont<\/span>\u00a0with\u00a0<span class=\"xn-location\">Boulder<\/span>. The property benefits from walkable retail amenities,\u00a0nationwide low electricity costs\u00a0and\u00a0nationwide high speed ISP data service\u00a0provided by utilities owned by the c<span class=\"xn-location\">ity<\/span>.<\/p>\n<p><em>&#8220;This investment is an opportunity to reposition an asset located in a thriving market that has been locked within a broken capital structure for nearly 10 years,&#8221;<\/em> said Doug Wells, CEO of Broe Real Estate Group, in prepared remarks. <em>&#8220;Broe will transform the property by providing focused asset management and the capital investment to fund building improvements that will create a highly desirable, <a href=\"https:\/\/www.commercialsearch.com\/news\/matrix-group-sells-co-office-campus\/\">creative office campus<\/a> environment.&#8221;<\/em><\/p>\n<p><em>Image courtesy of Google\u00a0Earth\u00a0<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Located at 2452 Clover Basin Drive, the 461,000-square-foot business campus was renovated and expanded in 2001 in conjunction with a long-term lease with Seagate Technology. <\/p>\n","protected":false},"author":746,"featured_media":1004202397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1587,21742,21747,15],"tags":[38752],"class_list":["post-1004202394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-denver","category-latest","category-office","category-west","tag-broe-real-estate-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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