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Gemini Rosemont’s Santa Fe building up for sale

The Gemini Rosemont building in downtown Santa Fe. (Eddie Moore/Albuquerque Journal)

SANTA FE, N.M. — Real estate investing company Gemini Rosemont Commercial Real Estate has announced it is listing its original headquarters building in Santa Fe for sale.

The near 20,000 square-foot-building, at 330 Garfield near the Railyard District, has served as the company’s headquarters since 1991, according to a news release announcing the sale.

The building’s sale is one of the final steps taken in the company’s exit from New Mexico.

In April 2019, the company announced that it would be relocating its headquarters to Los Angeles.

Gemini Rosemont CEO Ian Brownlow said the greater access to industry partners in the United States and abroad informed the relocation.

“As our acquisition strategy shifted to acquiring Class A office product in tech-central coastal and gateway markets, it became increasingly important to be located in a major U.S. city,” he said in a statement.

Since the shift to Los Angeles, the company has relocated its Santa Fe employees to the new headquarters and there are plans for additional Santa Fe employees to transfer at the beginning of 2021, Brownlow said.

Gemini Rosemont has nearly eight million square feet of commercial office space with an asset value of $1.6 billion.

NAI Maestas & Ward’s Carlos Garcia, Cole Flanagan and Joel Cumplido are representing the property, according to the release.

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