Page 18 —
COLORADO REAL ESTATE JOURNAL
— October 15-November 4, 2014
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Larimer & Weld Counties
by Jill Jamieson-Nichols
A sale-leaseback opportunity
in Berthoud brought Colorado
investors out in force.
There were multiple offers
for Associated Thermoforming
Inc.’s 70,000-square-foot manu-
facturing facility, which sold at
its full asking price of $3.8 mil-
lion.
Associated Thermoforming
signed a 15-year lease for the
property at 765 N. Second St.
and 210 Turner Ave.
“The length of the lease and
the lack of other investment
opportunities in the market
were the two driving factors,”
CBRE’s Mike Eyer said of the
interest in the property.
Associated Thermoforming
has a long history in the prop-
erty, Eyer said. The building
was built in the 1970s. It was
relatively new when Associated
Thermoforming bought it, and
the company
added onto
the
build-
ing multiple
times, with
the
most
recent addi-
tion complet-
ed in 2012.
Crashway
LLC, a North-
ern Colora-
do investment group, was the
buyer.
Eyer, along with CBRE bro-
kers Julius Tabert, Kyle Lundy
and Jon Rue, were the listing
brokers. Jim Mokler of Mokler
Realty represented the buyer.
Other News
n
A South American bull
breeder affiliated with Leach-
man Cattle of Colorado pur-
chased a 469.35-acre ranch with
two houses at 2000 W. County
Road 70 in Fort Collins. The
price was $2.5 million.
Leachman is one of theworld’s
premier bull breeders, according
to
Tom Livingston
of
Livingston
Real Estate & Development,
who represented the buyer. “It’s
a very, very impressive opera-
tion. We’re pretty lucky to have
them here, from an agricultural
standpoint,” Livingston said.
TechnoGen Ganadera Corp.
purchased the property from
Middlefield Farms LLC
in a cash
deal.
Craig C. Hau, Robert V.
Hau
and
Rhett Strom
of
Sperry
Van Ness/The Group Commer-
cial
were the listing brokers.
“It’s a beautiful ranch right up
at the base of the foothills,” said
Livingston. One of the houses
will serve as Leachman Cattle’s
offices, while the other will be
Associated Thermoforming sold its Berthoud facility in a sale-leaseback. The company has been in the build-
ing since the 1970s.
Mike Eyer
