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HIGHLANDS RANCH, CO-A former Home Depot building is becoming a K-8 charter school. North Star Academy West recently paid Lone Tree Group LLC $7.5 million for the 109,645-square-foot building, according to BRE Real Estate, the brokerage firm with the disposition assignment.

The 13.75-acre property is located at 6161 Business Center Dr., immediately west of a Super Wal-Mart and the Verizon headquarters facility. Lone Tree Group LLC owned the property for several years and had leased space to Wal-Mart during their expansion of their super store, as well as to State Farm Insurance for their catastrophe center following the spring storms in 2009.

“We worked hard to find a suitable user for this property,” said Steve Garrison of Lone Tree Group. Carole Schumacher, a BRE executive described the purchase as a collaboration between NSA West and Lone Tree Group as well as the Douglas County School District.

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