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Alaskan firm pays $14M for Micron Technology building in Longmont

Posted on: Oct 25 16

by: admin

LONGMONT — Bizwest reports a #CRE  90,500-square-foot building at 1900 Pike Road in #Longmont occupied by Micron Technology Inc., has been sold to an investment group based in Alaska for $14 million, according to public records.

Anchorage-based Pacific Acquisitions LLC used the entities Cimmerian Ventures LLC and Decimus Properties LLC to acquire the building from Crescent Real Estate Holdings, which recently merged with Goff Capital Partners LP that owned the building through the entity Longmont Diagonal Investments LLC.

Boise, Idaho-based memory-chip maker Micron in 2015 signed a 10-year lease extension at its operations at 1900 Pike Road, and at the time said it was expanding that facility “by roughly a third to accommodate for growth.”

In May, Pacific Acquisitions acquired a 200,400-square-foot building in Frederick for $16.6 million from Minnesota-based Founders Property. Fort Collins-based Otter Products LLC is leasing the warehouse and using it as a national distribution center.

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