ZS Capital Partners has acquired Prospect Innovation Campus in Fort Collins for $42 million, marking the firm’s largest investment to date and its fifth industrial purchase since late 2023. The multi‑building, 226,000‑square‑foot industrial, flex and R&D portfolio expands the company’s Colorado Front Range footprint to roughly 460,000 square feet and more than 50 tenants.
The campus consists of 11 buildings grouped into four sub‑portfolios: Midpoint 3, River Center, Spring Creek, and One Prospect. Developed between the late 1980s and early 2000s, these properties offer a mix of small‑bay industrial, office, warehouse and R&D space, serving a wide range of users. Flexible suite layouts support long‑term leasing stability in one of Colorado’s most supply‑constrained commercial real estate markets, where flex and R&D vacancy hovers around 4.4%.
The site map provided in the Prospect Portfolio document confirms the campus’s layout and its position along Prospect Road, Timberline Road and Sharp Point Drive, illustrating proximity to surrounding residential neighborhoods, commercial nodes and regional transportation links. The campus sits near Colorado State University, downtown Fort Collins, and Interstate 25, enhancing its appeal for technology, life sciences, engineering and light industrial tenants.
CBRE represented the seller, Ogilvie Partners, with a brokerage team that included Jeremy Ballenger, Tyler Carner and additional advisors. ZS Capital leadership cited Fort Collins’ strong economic fundamentals, highly educated workforce and sustained population growth as key factors behind the acquisition. Ogilvie Partners described the property as a resilient, high‑quality asset with strong cash flow and long‑term value creation potential.
ZS Capital Partners continues to scale its Front Range industrial presence following recent acquisitions in Commerce City, Centennial and Longmont. The company’s strategy focuses on functional industrial and flex assets positioned to support tenant success across Colorado’s growing innovation‑driven markets.