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February 18-March 3, 2015 — COLORADO REAL ESTATE JOURNAL — Page 13
Larimer & Weld Counties
by Jill Jamieson-Nichols
A company that was looking
to expand in Northern Colorado
jumped on an opportunity to
acquire a light-industrial build-
ing for $4.78 million, or $100.38
per square foot.
Boeing Drive Investments
LLC, an affiliate of Midwest
Engineered Systems Inc., pur-
chased the building at 5610
Boeing Drive in Loveland from
Mark Steputis.
Wisconsin-based Midwest
Engineered Systems provides
customautomation systems such
as assembly lines, palletizing/
depalleting, material handling,
machine tending, deburring and
robotic welding. “This facility
will allowMidwest to grow their
Colorado operations, including
the Welding
Systems &
Service Divi-
sion,” said
Jake Hallauer,
vice president
of Chrisland
Commercial.
The com-
pany is
undergoing
a significant
expansion from its current space
on 66th Street in Loveland and
faced an uphill battle locating a
new facility with 20,000 to 30,000
sf and 20-foot clear height, said
Hallauer, who represented the
tenant with Chrisland Commer-
cial’s Ryan Schaefer.
It looked at a few availabilities
a year ago, “but they were leased
up very quickly,” he said.
“There are hardly any large
blocks of high-quality industrial
space on the market in Northern
Colorado,” said Hallauer, noting
there wasn’t a single building
available in Larimer County that
met Midwest’s size and ceiling
height requirements. The buyer
was keeping its eye on the Boe-
ing Drive building, but the prop-
erty was under contract for sale.
“We were pretty focused on
the Longmont area because
there seemed to be more avail-
ability,” Hallauer said. Then the
Boeing Drive building fell out of
contract and the buyer was able
to move quickly to get it tied up.
“While Midwest will occu-
py the majority of the facility,
Chrisland Commercial has been
retained to lease approximately
22,500 square feet of high-quality
industrial space,” said Hallauer.
Originally constructed in 1998,
the Boeing Drive facility was
expanded in 2001. It features 19-
to 20-foot ceilings and 9,000 sf of
office build-out.
The building’s former occu-
pant, Vision Graphics Inc./
, is moving its head-
quarters from the building to its
Denver facility.
Mike Camp and Julius Tabert
of CBRE represented the seller in
the transaction.s
by Jill Jamieson-Nichols
ANorthern Colorado business
research and training company
leased 20,236 square feet of office
space at Harmony Technology
Park in Fort Collins.
Prosci will relocate its corpo-
rate headquarters from Love-
land to the building at 5042 Tech-
nology Parkway in June. The
building also houses Numerica’s
headquarters.
Prosci, founded in 1994, is a
change-management firm that
works with companies world-
wide. It has 45 employees.
Peter Kelly of CBRE represent-
ed the company in the lease.
Josh Guernsey, Greg Roeder and
Jake Arnold of Brinkman Part-
ners represented the landlord,
Harmony Tech Park developer
MAVDevelopment.
Harmony Technology Park is a
105-acre business park along the
Harmony Road corridor. Future
development plans include a
50,000-sf sister building to 5042
Technology and a 70,000-sf
skilled nursing/assisted-living
facility on the east side of Ziegler
Road, near Harmony Road.
Also at Harmony Technology
Park, Rodelle, formerly Custom
Blending, expanded its 32,717-sf
building in the park by 35,000 sf
last year, and Brinkman Partners
recently moved its headquarters
to a new 30,600-sf Class A build-
ing.
Other News
n An affiliate of Greeley-based
Richmark Holdings paid $14.2
million, according to public
records, for Max Flats, a 64-unit
apartment development at 505
S. Mason St. in downtown Fort
Collins.
Locatedalong theMasonStreet
corridor, the five-story transit-
oriented development includes
1,500 square feet of retail space.
A Max bus rapid transit stop is
located in front of the building,
which Brinkman Partners com-
pleted last summer.
Max Flats includes a mix of
studio, one-, two- and three-
bedroom layouts with 100 beds,
each with a private bathroom.
n SJB Linings leased 6,944 sf
of industrial space at 125 Eighth
Ave. in Greeley.
Bruce Campbell and Patrick
O’Donnell of Realtec-Loveland
represented the tenant. Ruben J.
Rodriguez is the landlord.
n Interstate Land Holdings
LLC paid $335,000 for 6,750 sf of
office space at 309 E. Fourth St.
in Loveland. DJG Commercial
LLC was the seller.
Larry Melton of Realtec-
Loveland handled the transac-
tion.
n C. Dameron Scott of Farm-
ers Insurance leased 2,442 sf of
office space at 125 S. Howes St.,
An affiliate of Midwest Engineered Systems Inc. acquired the building
at 5610 Boeing Drive in Loveland after it fell out of contract.
Jake Hallauer