Page 14 —
COLORADO REAL ESTATE JOURNAL
— December 2-December 15, 2015
reached an all-time high of $60
for standard finish, the report
stated.
Xceligent also noted that:
• Northern Colorado’s retail
market saw 127,576 sf of absorp-
tion in the third quarter, up sub-
stantially from negative absorp-
tion of 31,943 sf in the previous
quarter. Greeley was the stron-
gest market, with 48,350 sf of
absorption, followed by Fort
Collins at 46,343 sf. The region’s
retail vacancy rate dropped to
4 percent, and rental rates have
increased to $15.56 per sf.
New housing continues to
drive demand for new retail.
• Vacancy in the industrial
market increased slightly for
the first time in the last four
quarters, reaching a total of 6.6
percent. Rental rates have stabi-
lized, but are expected to remain
on the high side for the next 18
to 24 months.
There is a shortage of build-
ings from 30,000 to 40,000 sf.
Not surprisingly, decreased oil
and gas prices, and an increase
in pipeline construction costs,
have resulted in a slowdown in
NoCo’s oil and gas industry.
s
Ave. in Fort Collins from
2010-
1 RACD/CADC Property XI LLC
for $400,000.
Mark Bradley
of
Realtec-
Greeley
and
Larry Melton
of
Realtec-Loveland
represented
the seller.
Russell Baker
of
Cushman & Wakefield
represented the buyer.
n
Sundial Management
leased 21,780 sf of industrial
land at 702 Eighth St. Southeast
in Loveland from
Loren Smith.
Bruce Campbell
and
Patrick
O’Donnell
of
Realtec-Loveland
were the listing brokers.
Jack
Trethewey
of
Berkshire
Hathaway Home Services
represented the tenant.
n
Mark Bradley
of
Realtec-
Greeley
represented
Segrest-
Milliken Adventure LLC
in
leasing a 4,000-sf industrial
building at 22999 County Road
24¾ in Milliken.
Gage Osthoff,
also of
Realtec-Greeley, represented
the tenant.
n
Amusement Arcade
signed a lease for 3,900 sf of
retail space at 3615 23rd Ave.,
Units 9-11, in Evans.
Nick Berryman
of
Realtec-
Greeley
handled both sides of
the transaction.
JSPERGM Inc.
is the landlord.
n
Elements Recovery LLC,
which focuses on insurance
claim recovery, and the
Beauty
Bar by Charity Laine,
a “medi-
spa,” leased 3,169 sf of office
space at 1014 Centre Ave. in
Fort Collins.
Randy Marshall
of
Sperry
Van Ness/Denver Commercial
represented the landlord,
Kripa
Enterprise LLC. Nathan Klein
of
Loveland Commercial
represented the tenants.
n
Cornerstone Dental &
Orthodontics
leased 2,331 sf of
office space at 1825 56th Ave.,
Suite A, in Greeley.
Gage Osthoff
of
Realtec
Commercial Real Estate
Services
represented the tenant
and the landlord,
Wildcat of
Greeley LLC.
s
The building at 1530 Main St. in Windsor traded at $346.67 per
square foot. See story on Page 13.
