Crossroads office building sells at near-record price per sf

An 11,978-square-foot office building in eastern Loveland sold for $4.05 million, representing a near-record price of $338.37 per sf. SRI Investments/Stucco Rite Inc., a Colorado-based investment company, sold the multitenant, Class A building at 4090 Clydesdale Parkway to First American Exchange Co. Jared Goodman “The beautiful building has attracted quality tenants and is at the…

Jill Jamieson-Nichols

April 2, 2020

Etkin Johnson enters NoCo industrial market

A longtime Colorado commercial real estate company is entering the Northern Colorado market with a 200,000-square-foot industrial/flex development at Interstate 25 near Crossroads Boulevard in Loveland. Etkin Johnson Real Estate Partners will develop two speculative Class A buildings at Axis 25, a 14.18-acre site with interstate visibility. The Denver-based company plans to break ground toward…

Jill Jamieson-Nichols

March 15, 2020

Centerra Industrial’s central location lures distribution users

After packaging a lease deal with Amazon late last year, McWhinney says its Centerra Industrial development in Loveland continues to draw attention of e-commerce companies looking to serve Northern Colorado’s growing population. “With a population of more than 600,000 and quickly growing to over 680,000 as it currently stands, Northern Colorado is one of the…

Jill Jamieson-Nichols

March 4, 2020

Renewable energy company takes 23,215 sf in Windsor

A second renewable energy company leased space in a 62,280-square-foot industrial building in Diamond Valley Tech Center in Windsor. Bold Renewables, an Advanced Energy carve-out that services and maintains solar central inverters, signed a seven-year lease for 23,215 sf at 840 Diamond Valley Parkway. Vestas Wind Systems also is a tenant in the building. Bold…

Jill Jamieson-Nichols

February 20, 2020

User buys office/flex building off Harmony for $6.49 million

A Northern Colorado concrete company recently cemented the acquisition of an office/flex building off the East Harmony Road corridor in Fort Collins. Peak Cos., which was occupying the 37,993-square-foot building at 4862 Innovation Drive on a short-term lease, purchased the property for $6.49 million, or $170 per sf. Oakridge Innovation LLC was the seller. Josh…

Jill Jamieson-Nichols

February 2, 2020

New retail building at 2534 sells for $4.66 million

A 100%-leased multitenant retail building at 2534 in Johnstown sold to an investor who knows the area well. Gerrard Family Limited Partnership LLLP paid the full asking price of $4.66 million, or $665.71 per square foot, for the 7,000-sf building at 4930 Thompson Parkway. The partnership is managed by Gary Gerrard, one of the original owners and master developers of 2534. Given his familiarity with the development, “We couldn’t have had a better buyer,” said Zander Rodriguez of David Hicks & Lampert Brokerage.

Jill Jamieson-Nichols

January 6, 2020

Saunders Construction, 4240 Architecture kick off CSU student housing project

Saunders Construction Inc. in conjunction with 4240 Architecture Inc. were awarded the design and construction for Meridian Village, one of Colorado State University’s largest projects to date. At full build-out, Meridian Village will accommodate 1,600 students in both traditional and pod communities to continue to support student success and engagement.

Kris Oppermann Stern

December 30, 2019

Buyer new to Colorado pays $12.5M for Harmony retail

A buyer new to Colorado and planning to expand its presence paid $12.5 million for a Kohl’s-anchored building on the Harmony Road corridor in Fort Collins. Hartland, Wisconsin-based Investors Associated LLP was selected from a pool of buyers to acquire the 115,862-squarefoot building at 813-831 E. Harmony Road. Kohl’s occupies approximately 100,000 sf of the…

Jill Jamieson-Nichols

November 21, 2019

University Center retail building trades

A retail center with Northern Colorado’s only Whole Foods store sold for $23.75 million, which equates to a price of $347.56 per square foot. University Center, located at 2201 S. College Ave., is leased to the natural grocery store and to Wilbur’s Total Beverage, reportedly one of Fort Collins’ top-performing liquor stores on a sales-per-sf…

Jill Jamieson-Nichols

November 8, 2019

Building leased to leading player in D-J Basin fetches $32.5 million

A mission-critical operations center leased to the top oil and gas producer in the Denver-Julesburg Basin sold for $32.5 million, or $282 per square foot. Occidental Petroleum Corp., which recently acquired Anadarko Petroleum Corp., occupies the entire two-story, 114,524-square-foot building, located at 501 N. Division Blvd. in Platteville. Occidental has more than a decade remaining on its lease. Platteville Energy Partners I LLC sold the property. The buyer’s name wasn’t disclosed, but Weld County records list it as CIM OFC Platteville CO LLC, which apparently is affiliated with Phoenix-based CIM Group.

Jill Jamieson-Nichols

November 3, 2019