As Seen In The Colorado Real Estate Journal – Oct 1 – Oct 14, 2014

An industrial/research-and development building off the Diagonal Highway in Boulder sold to a tenant for $100 per square foot.

Qualcomm paid $100 per square foot for Lookout  Business Center.

Qualcomm paid $100 per square foot for Lookout
Business Center.

Qualcomm Inc., which has been in the 59,355-square-foot building at 6150 Lookout Road for almost a decade, bought the property from Etkin Johnson Real Estate Partners for $5.04 million. Etkin Johnson had owned the single story building, which sits on 5.15 acres, since 1997. The building is known as Lookout Business Center.

“Qualcomm is looking to expand their Colorado operations and Lookout Business Center is a great solution as its location is across the street from their primary facility,” said Ryan Good, Etkin Johnson vice president of leasing and sales.

Qualcomm, founded in 1985, is a wireless technology company with 170 offices in more than 40 countries. The Boulder group provides engineering services for a range of products that include software, systems, firmware and hardware design, according to the company’s website. The team was established in 1991.

Lookout Business Center was constructed in 1981 and sits just off the Diagonal, or Highway 119, in Gunbarrel West Business Park.

The single-story building features broad windows, mature landscaping, an outdoor volleyball court, and dock and drive-in loading doors. It is fully sprinklered.

Denver-based Etkin Johnson Real Estate Partners is a development, investment, ownership and management company with a portfolio of more than 5 million sf of office, retail, hotel and industrial holdings worth more than $500 million.