New owner to convert former LSI building in Fort Collins
FORT COLLINS — The new owners of an empty 158,000-square-foot building in southeast Fort Collins formerly occupied by chipmaker LSI Corp. plan to convert it to a multitenant office building.
LSI Corp. of Milpitas, Calif., sold the building and the 12.5 acres it sits on at 2001 Danfield Court in the Collindale Industrial Park to 2001 Danfield LLC of Fort Collins for $5.7 million. The entity used by the new owners is registered to Troy Peterson of Fort Collins, according to Secretary of State records.
“This sale is indicative of the growing interest we are seeing in Fort Collins in repurposing older buildings for new and innovative uses,” said Peter Kast, senior vice president with CBRE Group Inc. in Fort Collins, who along with Ham Southworth of CBRE in Palo Alto represented the seller.
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Constructed in 1979, the building is equipped for heavy power and includes 10 gigabits per second fiber, a freight elevator, overhead doors and a back-up generator system. The property also has a cafeteria and fitness center.
CBRE Fort Collins was awarded the leasing assignment for the property. Upon completion of the conversion, the building’s new address will be 3405 S. Timberline Road.
LSI Corp. employed about 175 people at 2001 Danfield Court before Avago Technologies Ltd. acquired LSI for $6.6 billion in 2014.
