Rothenberg-Rosenfield Recapitalizes Holdings

LONGMONT, CO-Rothenberg-Rosenfield, Inc., a New York-based real estate investment company with about 1 million sf of property in Colorado, recently recapitalized its three-building, 280,000-sf Longmont Technology Park in this city north of Boulder. The recapitalization, which involved bringing in new partners and paying off the mortgage, is in addition to ongoing upgrades and leasing efforts by Trammell Crow Co. and The Colorado Group.

“We’ve been a long time believer in Colorado, and this point in time is no different,” says Dan Rosenfield, a partner at RRI, which has been an investor in Colorado real estate since the early 1980s. “The Denver metro area has some of the country’s most unique characteristics when it comes to commercial real estate, and that’s why we’re bullish on it as property owners. Quality of life, combined with the fact that the Denver metro area truly stands alone–head and shoulders above other cities in this region of the United States–makes it an incredibly strong attraction to companies who want to relocate. That’s a key reason we originally invested in the Denver metro area 20 years ago, and why we’re so positive about our efforts today.”

RRI, which has owned the Longmont Technology Park since 1999, along with several other properties in the north metro, and northern Colorado areas, has lowered the rental rates to $3.95 per sf from $5.95 per sf, has installed new landscaping, parking and infrastructure upgrades; and has made numerous tenant improvements.