The Lockheed Martin facility in Boulder, Colo.

DALLAS–Macfarlan Capital Partners LP, the private real estate investment sponsor, recently announced the acquisition of a highly classified defense asset, 100 percent leased to Lockheed Martin Corp. in Boulder, Colo.

Boulder, along with Denver and Colorado Springs, is a targeted market for Macfarlan, say reps with the company.

The single-story 170,988-square-foot facility houses classified functions of the United States Air Force’s Space Based Infrared Systems (“SBIRS”) program, and has received extensive renovations over Lockheed’s 18-year occupancy.

“Macfarlan was drawn to this investment because of the market’s historically low vacancy rate, the tenant’s long-term commitment to and investment in the property and the great discount to replacement cost that the asset could be purchased for, which provided a compelling yield for our investors,” said Jimmy Driver, vice president of Macfarlan.

Mark West and Brandon Chavoya with Holliday Fenoglio Fowler LP’s Dallas office worked on behalf of Macfarlan to secure debt financing for the acquisition. Barry Higgins and Brandon Kramer with Marcus & Millichap‘s Denver office represented the seller.