Acquisition of Sterling Drive, Boulder, CO – Daily Camera

When technology company Trimble listed for sale its building at 2300 55th St. earlier this year, the deal was too good for Tod Brainard to pass up. Trimble had purchased the 60,030-square-foot space in 2019 for $12.16 million, invested another $12 million in upgrading it — then put it on the market without ever moving in.

Brainard is a partner and chief investment officer at Boston-based Tritower Financial Group LLC. His company purchased the building in June for $21 million, with Trimble taking a $3 million loss. Because of the substantial improvements Trimble made to the facility, it can easily be converted into lab space.

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