Northview Properties I Building
7007 Winchester Circle, Boulder CO

In September of 1998, we entered into a joint venture with Susan Chrisman (of Chrisman Enterprises) and Jim Chrisman (of Chrisman Construction, Inc.), both well thought of developers of commercial real estate in the Boulder market. We joined forces to acquire some of the only remaining R&D land within the City limits of Boulder in order to construct a 2-story office / R&D Building. A group of local investors funded this project (alongside our equity component) and in concert with our construction loan (followed by a mini-perm), we were able to successfully construct the project.

It took a little over a year to complete the City of Boulder entitlement process and be granted a building permit to erect a 36, 136 rentable square foot building. The market was in fast motion in 2000 / 2001 and supported a “spec” construction project of this nature. In 2001, the building was completed and in short order, portions of the building leased to several local companies. We completed a 10-year lease with New Frontier Media (a publically traded company) for the entire second floor and leased the 1st floor with other Tenants ranging from 10% to 20% of the lower level. Tenancies include Linear Tech, Micro Motion, Efficas and Mind and Life.