Northstar Seals Industrial Deal in Colorado
- Aug 21, 2015
By Ioana Neamt, Associate Editor
Northstar Commercial Partners is expanding its industrial portfolio. The Denver-based real estate investment company recently acquired a vacant, 120,000-square-foot industrial warehouse building in Broomfield, Colo.
Northstar plans to upgrade the neglected site and develop two new state-of-the-art industrial buildings totaling roughly 350,000 square feet of space. Located at 800 Hoyt St. in the heart of the main Denver/Boulder corridor, the 20-acre property is expected to attract businesses to the area, create jobs for local residents, and make a positive contribution to the community.
“800 Hoyt is an exciting purchase for so many reasons,” said Brian Watson, founder & CEO of Northstar Commercial Partners in a statement. “With this piece of property in Broomfield, we are able to come alongside the City of Broomfield and be utilized as a resource to initiate positive change.”
Image courtesy of IRG Investors LLC