November 4-November 17, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 13
by Jill Jamieson-Nichols
A hotel and four restaurants
are in the queue for the long-
planned Centerplace North
development, which just broke
ground in Greeley.
“We’re very excited to be able
to get to the point that we can
start moving dirt at this site,”
said Mark Bradley, managing
broker of Realtec Greeley. “We
will be able to bring new life to
a project that has been stalled
for many years as a victim of the
recession,” he said.
A Holiday Inn Express with
more than 100 rooms, along with
McAlister’s Deli, Fuzzy’s Taco
Shop, Popeyes Chicken and
Smashburger, will be part of the
development, which is located
on the north side of Centerplace
Drive and 44th Avenue. Addi-
tional retailers are expected to be
announced soon.
The development, where res-
taurants will begin opening next
spring, could add up to 200,000
square feet of retail space to the
Greeley market.
Bradley, along with Scott
Hagan of David, Hicks & Lam-
pert Brokerage, are focused on
capturing larger retail or office
users to go on the north side
of the commercial tract, as well
as another hotel and sit-down
restaurant.
“We feel that a restaurant will
do very well in this location with
the activity in the area and the
presence of two hotels,” Hagan
said.
Centerplace North comprises
approximately 25 acres of com-
mercial ground and 17 acres
of medium-density residential
land. Mariner Real Estate Man-
agement is developing the proj-
ect, which is across the street
from retailers including Target
and Kohl’s.
“Centerplace is already a
dynamic center for Greeley,
and Centerplace North will
just add to the activity in the
area, making it a very desirable
area for retailers and consum-
ers,” said Bradley.
CORE Development Greeley, a
sister company of Realtec, is the
project manager.
s
Larimer & Weld Counties
A groundbreaking ceremony recently was held for Centerplace North,
which will include a Holiday Inn Express, McAlister’s Deli, Fuzzy’s Taco
Shop, Smashburger, Popeyes Chicken and other users.
by Jill Jamieson-Nichols
A multitenant industrial
building in a market without a
lot of vacancy traded for $1.02
million, or $73.56 per square
foot.
Stroud & ASLSM Duff LLC
bought the 13,932-sf show-
room/warehouse building at
1313 Duff Drive in Fort Col-
lins from Duff Properties LLC.
It was 70 percent occupied by
three tenants, the largest of
which is Al’s Granite.
A n n a h
Moore
of
Realtec Com-
mercial Real
Estate Servic-
es purchased
the
prop-
erty with her
father, Larry
Stroud, who
was complet-
ing the up-leg
of a 1031 exchange.
“Given what I’ve seen work-
ing as a broker in the market,
the demand for industrial space
is really strong,” said Moore,
Annah Moore
Premier development opportunity awaits
BUILDING
LOVELAND
The City of Loveland is seeking a development partner to bring a years-in-the-
making downtown vision to life. Our request for proposals describes the elements
that the City would like to bring to the “South Catalyst Project.”
Factors that will shape a prospective development partner’s decision include:
• A growing population base.
• A solid core of new and vibrant restaurants, retail services and employment.
• Broad and enthusiatic public support.
• New arts-centered developments that add to the character of downtown.
• A well-developed strategic plan focused on reinvestment.
Most importantly, the City of Loveland owns the 3.9-acre subject property, cover-
ing nearly all of two city blocks. The city-owned properties are strategically locat-
ed to maximize chances for successful redevelopment and revitalization.
