Culver’s to open Montrose location at River Landing project

Culver’s is coming to Montrose. WTD Enterprises LLC recently paid $950,000 for a 1.54-acre site at 3841 Wolverine Drive, at the southwest corner of South Townsend and Rio Grande avenues. The restaurant chain, whose menu includes burgers and frozen custard, will be the first Culver’s in southwest Colorado. Currently, the nearest Culver’s is in Glenwood […]

Jennifer Hayes

July 20, 2020

Wedge Brands plans facility at Colorado Outdoor campus

The largest opportunity zone venture investment to date in the country is spurring development in Montrose. Colorado Outdoors Pearl Fund LP invested $1 million from its newly formed qualified opportunity zone business fund into outdoor industry holding company Wedge Brands LLC, which announced plans to build a 76,000-square-foot distribution and third-party logistics center on the […]

Jennifer Hayes

May 25, 2020

Single-tenant, net-leased property in Montrose trades at 5.5% cap rate

A Colorado 1031 exchange buyer, 1230 S. Townsend LLC, paid $1.76 million, or $251.14 per square foot, for the O’Reilly Auto Parts at 1230 S. Townsend Ave. 

Jennifer Hayes

May 17, 2019

PlattPointe Capital secures construction loan for Mayfly

PlattPointe Capital LLC recently provided construction financing for Mayfly, a Colorado outdoor products company whose brands include fly-fishing companies Abel and Ross Reels, for development of its corporate headquarters. 

Jennifer Hayes

August 6, 2018