Broomfield Plant Trades for $17M
ScanlanKemperBard (SKB) plans to spend more on renovating a recently purchased manufacturing facility than what the company paid for the building. Commercial Edge reports SKB bought the building halfway between Denver and Boulder for $17 million but plans to spend $27 million on a comprehensive renovation. The 436,534-square-foot building at 2555 W. Midway was sold by Mile High Labs.
SKB plans to demolish, renovate and improve the two vacant buildings on the site, leaving 100,000 square feet left over to add to the facility if needed.
The facility has clear heights ranging from 18 feet to 38 feet and includes existing labs and clean rooms, as well as an abundance of power. The property has 609 parking spaces, and prospective tenants can use the ample outside storage space.
The industrial property came online in 1974. In June 2019, Mile High Labs purchased the facility for $18.8 million from Novartis, which no longer used the site due to declining sales.
