FD Stonewater Acquires Office Asset in Gunbarrel Submarket of Boulder, CO

By Cindi Choi.
Updated Feb 16, 2022

ARLINGTON, Va. (PRWEB) February 16, 2022 - FD Stonewater has completed the acquisition of 6000 Spine Road in Boulder, Colorado. The fully leased, 60,000-square foot, office building is located in Gunbarrel Business Park and surrounded by numerous Fortune 500 companies in the life science and technology industries.

Despite market uncertainty caused by the pandemic, Boulders office market has remained resilient, largely due to stable and diverse economic drivers, high barriers to entry, and a robust talent pipeline. The opportunity to acquire an office asset that features healthy cash flow and several paths to upside at a material discount to replacement cost in Boulder was compelling.

FD Stonewater Principal Andrew Schwartzman commented, We are pleased to add this asset to our portfolio and excited to enter the Boulder market. Occupancy at the property went from about 70% to 100% during our acquisition pursuit, which demonstrates the health of the market, and we believe there are further upside opportunities as well. Our team continues to evaluate unique, strategic opportunities in high-growth secondary markets across the country. This property fits well into that strategy and is an exciting addition to FD Stonewaters investment portfolio. We hope its the first of several in Boulder.

About FD Stonewater FD Stonewater is a fully integrated real estate investment, development, and brokerage firm headquartered in Arlington, VA. Collectively, the firms leadership has a track record of more than $10 billion in investment acquisitions and advisory services, with over 45 million square feet of lease transactions completed and over $1 billion in active and completed principal development and construction management nationwide. For more information, visit http://www.fdstonewater.com