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10/17/22
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Plum Tree Plaza, a four-building industrial property totaling 73.2k sf in Fort Collins, CO, sold for $12.9 mil ($176/sf) in an off-market transaction. The property is located two miles from Colorado State University, three miles from downtown Fort Collins and one mile from Interstate 25, providing convenient access to all of Fort Collins.
The complex is located at 2573, 2579, 2601 and 2607 Midpoint Drive. The asset was constructed in the late 1990s by WW Reynolds Companies. Plum Tree Plaza is 100% leased to four tenants and anchored by Larimer County (government tenancy) and Indivior (life sciences tenancy).
The buyer was Nectar Equities LLC. CBRE’s Patrick Devereaux, Jeremy Ballenger, Tyler Carlson, James Brady and Campbell Davis repped the seller, Ogilvie Partners.
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