12/10/2009 - 2:03:57 PM
Spectra Logic gets new Boulder HQ
By David Clucas
BOULDER - Spectra Logic will celebrate its 30th anniversary with a new building in Boulder.
The principals of the of the Boulder-based data backup solutions firm have purchased the 80,712-square-foot office and flex building at 6285 Lookout Road in Boulder for $5,725,000.
Spectra Logic plans to move the entire company from its current leased offices at 1700 N. 55 St. in Boulder to the new building, but a move date has yet to be set, officials said. The company employs 300 people in Boulder.
"It was important for the founders that Spectra Logic remain in Boulder," said Molly Rector, vice president of worldwide marketing and product management for Spectra Logic. "If you take a look at the real estate market, it's a good time to invest in office space."
6285 Lookout Road Ltd., led by Michael Berman, sold the property. The building had remained mostly vacant for six years since its former tenant, Intrado Inc., moved to Longmont. Becky Gamble with Dean Callan & Co. represented the seller and Paul Whiteside and Aaron Evans with New Option Partners represented the buyer.
Spectra Logic principals purchased the building through a limited liability company and Spectra Logic will lease the building from that LLC.
Spectra Logic has been in its current location at 55th Street and Arapahoe Aveune since its inception in 1979. It grew the company from one to four buildings at that location. Rector said it was important to find a building where Spectra Logic could continue its tradition of having all aspects of the company in close contact.
"We feel that enhances the quality of our product - having our administration, sales, engineers and manufacturing all in one place, instead of outsourcing overseas," Rector said.
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