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Redtail Ridge purchase price revealed at $35M


Redtail Ridge purchase price revealed at $35M
This story first ran on BizWest.com, a BusinessDen news partner.
Phillips 66 Co. sold the Redtail Ridge property in Louisville for $34.93 million, a discount of just more than 37 percent from the $55.6 million that ConocoPhillips paid for the property in 2008.
ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
Sale 
of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by the Boulder County Clerk & Recorder on Dec. 14, and recently uploaded to the county website. ....

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Exclusive: Redtail Ridge purchase price revealed at $34.93M – BizWest


ConocoPhillips’ acquisition included about 1.6 million square feet of buildings that were subsequently torn down.
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Sale
of the property to Redtail Ridge Development LLC, an entity controlled by Denver-based Brue Baukol Capital Partners LLC, occurred Dec. 11, but officials from Brue Baukol did not then disclose the purchase price. The price was recorded in documents recorded by the Boulder County Clerk & Recorder on Dec. 14, and recently uploaded to the county website. ....

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Brue Baukol acquires Redtail Ridge in Louisville


Brue Baukol acquires Redtail Ridge in Louisville
This story first ran on BizWest.com, a BusinessDen news partner.
Brue Baukol Capital Partners last week closed on the purchase of Redtail Ridge, a 475-acre site in Louisville that formerly was home to Storage Technology Corp. The purchase price was not released, and the sale has not yet been recorded with Boulder County.
The acquisition came just two months after medical-device maker 
Medtronic Inc. pulled out of plans to anchor a redevelopment of the site, 
Officials with Brue Baukol did not immediately return calls for comment.
A revised development plan will be released in early 2021, according to a press release from Brue Baukol. ....

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Brue Baukol acquires Redtail Ridge in Louisville – BizWest


LOUISVILLE Brue Baukol Capital Partners Friday closed on the purchase of Redtail Ridge, a 475-acre site in Louisville that formerly was home to Storage Technology Corp. The purchase price was not released, and the sale has not yet been recorded with Boulder County.
The acquisition came just two months after medical-device maker
Medtronic Inc. pulled out of plans to anchor a redevelopment of the site,
Redtail Ridge is located along U.S. Highway 36 and Northwest Parkway. Louisville city officials had objected to the scope of the project as outlined by Brue Baukol, which had been under contract to purchase the property from Phillips 66 (NYSE: PSX). ....

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