Southern Land Company Closes on 2 of 4 Properties for Boulder Community
Developers of Rêve, the mixed-use project slated for the southeast corner of 30th and Pearl streets in Boulder, closed this week on two of the four properties needed for the site for a total of $4.05 million.
Tennessee-based Southern Land Co., paid $3.1 million for 3000 Pearl St., which includes a 12,000-square-foot office building at the corner of 30th and Pearl that will be torn down to make way for the new development. A group of local investors managed by Andrew Freeman and Harris Faberman, which bought the property in 2006 for just shy of $2 million, was the seller.
Southern, meanwhile, paid $950,000 for the property at 2120 32nd St., which was owned by Alvin Baker and is home to one of Gene’s Auto Repair’s two Boulder sites.
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