Friday, July 07, 2006

Maxtor Regional HQ Near Denver Sells for Over $60 Million - July 6, 2006

The 450,000-sf regional headquarters of Maxtor Corp. in Longmont, CO, has changed hands. Invesco of Dallas and Circle Capital Partners of Denver sold the facility to a New York-based investor group under the name FEIGA/Sandstone LP.

Sources tell that the property sold for upwards of $60 million and that Maxtor’s lease is “long-term.” The building has been primarily used for research and development and was the regional headquarters for Maxtor.

In May 2006, Maxtor was acquired by Seagate Technologies for $1.9 billion. Both companies manufacture hard drives. Sphere: Related Content

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