CBRE Arranges $15.5 Million Sale of the 811,817-SF Rocky Mountain Center for Innovation and Technology in Loveland

02 Nov 2020

815 14th st sw Loveland CO

CBRE arranged the $15.5 million sale of the Rocky Mountain Center for Innovation and Technology (RMCIT), an 811,817-sq.-ft. office/flex industrial campus in Loveland, Colorado, to RMCIT, LLC. CBRE’s Mike Eyer, Mike Camp, Julius Tabert and Greg Haynes represented the seller, Cumberland & Western Resources, LLC, of Bowling Green, Kentucky.

 

Located at 815 14th Street Southwest, RMCIT comprises four buildings on 177 acres. It was built between 1962 and 1980 to accommodate a variety of uses, including office, research and development, testing and product manufacturing and assembly. RMCIT is currently leased to mulitple tenants across a wide spectrum of industries. The largest tenant is Lightning eMotors, formerly Lightning Systems, a manufacturer of zero emission all-electric power trains for commercial fleets, which occupies 85,880 square feet. 

 

“Large flex space continues to be hard to find in Northern Colorado. The Rocky Mountain Center for Innovation and Technology property garnered much interest and multiple offers. We are pleased to see the property sell to local ownership that can continue the legacy of innovation and unlock additional value for the property,” said Mike Eyer, CBRE.

 

The campus offers on-site fiber optic cabling and up to eight megawatts (MW) of power capacity. It features secured fencing with controlled access points, ample parking and common and recreational areas. With close access to heavy freight rail, high-speed road corridors and trucking access located on both upper and lower levels, the facility is equipped for both large and small scale shipping and receiving operations. 

 

RMCIT benefits from its proximity to Interstate 25 and U.S. Highway 34, Northern Colorado’s two primary transportation arteries. The campus is nearby to three major universities, including Colorado State University, University of Northern Colorado and University of Wyoming, all of which offer focus areas and advanced studies in clean energy, engineering, bio science and software automation.

 

According to CBRE Research, the Northern Colorado industrial market continued to post strong sales numbers in the first half of 2020 with a total volume of $65.2 million, up 64.5 percent over the total at the same time in 2019. 

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.