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Transactions - APRIL 22, 2021

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Etkin Johnson sells 1.7msf industrial space for $393m

by Andrea Zander

Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has completed the sale of a 16-property, 1.67 million-square-foot industrial portfolio in Louisville, Colo., to an institutional investor for $392.9 million. All 16 buildings are located within the Colorado Technology Center (CTC), a 580-acre master-planned business park near US 36 and the Northwest Parkway in Boulder County.

Etkin Johnson sold its CTC holdings following a rigorous search for entities that would continue operating the properties according to the high standards set by Etkin Johnson. The CTC sale ranks as the largest industrial sale in Colorado’s history by dollar volume, topping Etkin Johnson’s own 2019 record-breaking sale of its Colorado Industrial Portfolio for $247.5 million.

“These irreplaceable, highly functional buildings represent Colorado’s best-in-class industrial real estate, located between

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