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March 4-March 17, 2015 — COLORADO REAL ESTATE JOURNAL — Page 11
HISTORIC GRACE. LEADING EDGE.
C O M I N G 2 0 1 6 - N O W L E A S I N G !
18th & Wazee . Denver
Larimer & Weld Counties
by Jill Jamieson-Nichols
A growing delivery and logis-
tics company moved quickly to
lease space in a building off Inter-
state 25 and East Mulberry Street
in Fort Collins.
“When we saw this space,
we jumped on it immediately,”
Tom Livingston of Livingston
Real Estate
& Develop-
ment LLC
said of the
M u l b e r r y
Place build-
ing at 3825 E.
Mulberry St.
“It has one of
the very few
d o c k - h i g h
spaces in
Northern Colorado.”
Livingston’s client, The Feet
Inc., signed a five-year lease
for 12,072 square feet in the
100,778-sf building, which was
constructed in 1973 as a build-
to-suit for the U.S. Department
of Agriculture. Owner Fenyx
Holdings LLC picked up the
largely vacant property at a
public trustee’s auction in
April and is
r e d e v e l op -
ing it to meet
demand for
indus t r i a l/
flex and
s h o w r o o m
space.
“When you
look at blocks
of space over
10,000 square
feet, you can count them on one
hand,” said Jared Goodman of
DTZ. “That’s why we’re get-
ting a lot of activity. Vacancies
are low and there just isn’t
space that’s available,” he said,
adding the building has the
extra advantages of flexibility
and a great location.
“Based on our activity …
this building won’t last long,”
said Goodman, who represents
the landlord with DTZ’s Nate
Heckel. “It is going to be a
completely renovated building
that’s going to fit that Mulberry
corridor really nicely,” he said.
Working with architect VFLA
and contractor Evergreen
Industrial Ltd., Fenyx Holdings
is adding new façade elements
to the building, replacing the
roof, redoing the parking lot
and landscaping and generally
sprucing up the property, said
Goodman. Spaces from 10,000
to roughly 80,000 sf are avail-
able, and construction will be
completed in April.
About 40 percent of the build-
ing is showroom space fronting
Mulberry, making it suitable
for mattress companies, furni-
ture companies and contractor
supply retailers, for example,
said Goodman. The remaining
space is industrial/flex.
Mechanical Dynamics &
Analysis, which was a ten-
ant when the building sold,
continues to occupy 9,189 sf.
The Feet, a Northern Colorado
company with locations from
Cheyenne, Wyoming, to Colo-
rado Springs, will move into
the building April 1, expand-
ing out of a 7,800-sf space in
Fort Collins.
Mulberry Place offers 12- to
16-foot ceiling clearance, a park-
ing ratio of 4:1,000 and quick
access to I-25 and Mulberry, or
Highway 14. Asking lease rates
are $7 to $10 per sf triple net, with
operating expenses of approxi-
mately $1.90 per sf.
Other News
n Megary Group purchased
69.16 acres of residential develop-
ment land at 417 County Road
15Ain Berthoud for $1.52million.
Plans are being formulated, but
the site likely will house primar-
ily single-family development,
said Travis Ackerman of DTZ,
who represented the seller, the
Edward Davis & Virginia Schlei-
ger Living Trust, with DTZ’s
Nate Heckel. Jason Ells of DTZ
and Matt Haskell of URealty Inc.
represented the buyer.
n WCA Holdings LLC paid
$875,000, or $1.65 per square foot,
for 12.15 acres of commercial/
industrial land at 801 Automa-
tion Way in Windsor. Warren
Federal Credit Union was the
seller.
Michael Ehler of Realtec Com-
mercial Real Estate Services
handled the transaction.
n Poudre Valley Capital
leased 6,000 sf of office space in
the Harmony One building at
3003 E. Harmony Road in Fort
Collins. The private equity firm
will occupy space on the third
floor of the building beginning
this month.
Josh Guernsey, Greg Roeder
and Jake Arnold of Brinkman
Partners represented the land-
lord. Bruce Campbell of Realtec-
Loveland represented the tenant.
n Worthington Miller Envi-
ronmental signed a lease for
4,820 sf of office space at 1027 W.
Horsetooth Road in Fort Collins.
Jared Goodman and Stuart
Thomas of DTZ represented the
landlord, Poudre Valley Plaza
LLC.
n Two tenants signed leases
for office space at 2900 S. College
Ave. in Fort Collins.
Groover Seminars Inc. leased
2,576 sf, and Aller Architects
LLC leased 1,200 sf. Legacy Plaza
2900 LLC, managed by Palmer
Property Management, is the
landlord.
Aki Palmer and Jim Palmer of
DTZ handled the transactions.
n L&JW Investments leased
2,556 sf of office space at 1570 W.
First St. in Loveland from 1570
West First LLC.
Bruce Campbell and Patrick
O’Donnell of Realtec-Loveland
represented the landlord. John
Mathey of Premier Lifestyle
Realty represented the tenant.
Owner Fenyx Holdings is redeveloping the property at 3825 E. Mulberry St.
Tom Livingston
Jared Goodman