DENVER-Two California buyers are paying $7.3 million for an office building that is 100% occupied by Jeppesen-Sanderson Co., the world’s largest supplier of aeronautical information to pilots.

Lomita Boulevard No. 1 LLC and Don Wilson Builders Inc. has bought the one-story, 107,760-sf building at 6961 S. Quentin St. from California developer, Panattoni Investments. Broker Richard Sampson of Richard Sampson & Co. told that the two buyers, through their attorneys, had been looking for a building with a long-term lease with a strong tenant. Jeppesen has a 10-year lease in the new building, he says.

“While Jeppesen has its world headquarters here, this building is used for the production of maps,” says Sampson. “I think the buyers got an excellent value. Other developers are selling buildings in the $85 to $120 per sf range. These buyers paid $68 per sf for the building.”

Jeppesen-Sanderson, founded in 1930 by Elray Jeppesen, has been recently acquired by Boeing Aircraft Co. as a wholly owned subsidiary. Boeing, the world’s largest maker of commercial aircraft, has paid $1.5 billion to the Tribune Co. for Arapahoe County-based Jeppesen, which had been spun off from the Times Mirror after it was bought by Tribune.”I think it really makes a world of sense for Boeing to own Jeppesen,” Sampson adds.Panattoni Development Co., based in Sacramento, has built more than 40 million sf of properties, valued at more than $1.2 billion, across the country.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.