Velocis Advisors Closes On Flatiron Business Park PropertyDecember 31, 2013
Velocis Advisors, the asset management and advisory service division of Dallas-based Velocis Partners, acquired 5775 Flatiron Pky. in Boulder, CO’s Flatiron Business Park on behalf of its client, a Dallas-based family office.
Constructed in 1987, 5775 Flatiron Pky. is a 96,000-square-foot office complex anchored by global financial information services provider Markit On Demand. The two-story, fully-leased property is located minutes away from the University of Colorado and downtown Boulder, just off major thoroughfare Foothills Pky. Additional features of the property include a full-height glass atrium lobby, nine-foot ceilings and renovated common areas.
“This was a broadly-marketed asset that we were able to secure on behalf of our client by leveraging our long-standing industry relationships. We were drawn to the asset’s strong tenancy and how well it fit our client’s income-oriented investment needs,” said Paul Smith, Velocis Advisors principal. “With its strong credit tenants and high occupancy rate, we anticipate the building will provide our client dividend-like returns for many years.”