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Across all asset classes, buyers are looking for high-quality buildings — particularly new ones as the flight to quality continues.

Invesco Buys Pfizer Campus for $99M The Colorado property last changed hands in 2018, when BioMed Realty sold it to Tritower Financial Group. Jan112021 Image courtesy of Newmark Tritower Financial Group has sold 3200 Walnut, a four-building office/R&D complex totaling 151,384 square feet in Boulder, Colo. According to public records, the campus traded for $99 million. Invesco Real Estate acquired the property, which is occupied by Pfizer. The asset previously changed hands in August 2018, when BioMed Realty sold it for $52.3 million, according to CommercialEdge data. Located o...

BOULDER — Atlanta-based investment firm Invesco Ltd., through holding company 3200 Walnut Street LP, last month purchased the Boulder campus occupied by Pfizer Inc. (NYSE: PFE) for $99 million. The four-building campus centered around 3200 Walnut St. was previously owned by TFG 3200 Walnut Street Property LLC, an affiliate of Boston real estate investor Tritower Financial Group LLC. Tritower acquired the 151,384-square-foot office and lab campus in 2018 for $52.3 million, Boulder County property records show. Pfizer entered the Boulder market in 2019 with the $11 billion acquisition of Bould...