Investcorp Buys 824,961 SF in Office, Industrial Portfolios

NEW YORK CITY-Global investment group Investcorp has acquired office and industrial properties totaling 824,961 sf. The two deals involve various assets in Colorado and New Jersey.

The Colorado acquisition is a 591,000-sf portfolio of office, R&D and industrial space located in six downtown Boulder locations. The properties were purchased in partnership with Bancroft Capital LLC of Manhattan Beach, CA. Neither the seller nor the price was disclosed.

Bancroft’s current Boulder holdings include the two-building, 155,821-sf Exabyte campus and the 10-building, 435,000-sf Amgen campus. Bancroft paid $15 million for the Exabyte property in June 1999 and $32 million for the Amgen buildings a month earlier. At the time, local real estate experts called the latter deal one of Boulder’s largest.