BOULDER - The Bailey Co. LLLP, a Golden-based real estate investment firm, paid $20.5 million recently to purchase five buildings on the Ball Aerospace & Technologies Corp. campus in Boulder.

The buildings are located at 1645, 1685, 1688, 1727 and 1730/50 Conestoga St., and in all encompass nearly 131,000 square feet.

Becky Callan Gamble of Dean Callan and Co. and Geoff Baukol of CBRE represented seller Conestoga Street Partners LLC.

Gamble said the buyer's intentions are to hang on to the properties as an investment. Dean Callan and Co.'s Brit Banks recently had brokered a five-year lease extension between Conestoga Street Partners and Ball.

In addition to its real estate holdings, The Bailey Co. is also a former large franchisee of Arby's restaurants. But the company sold its restaurants in Colorado, Wyoming and Idaho last year.

Conestoga Street Partners is an affiliate of Bancroft Capital, a real estate investment firm in Manhattan Beach, Calif.