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COLORADO REAL ESTATE JOURNAL
— December 16, 2015-January 5, 2016
Larimer & Weld Counties
by Jill Jamieson-Nichols
Site work has started for the first
phase of a Johnstown retail devel-
opment to be anchored by one of
the largest sporting goods stores in
the country.
At 250,000 square feet, Scheels’
first Colorado store will be sec-
ond only to the retailer’s 300,000-sf
store in Reno/Sparks, Nevada. It
will be part of the first phase of
Johnstown Plaza, located at the
southeast corner of Interstate 25
and U.S. Highway 34.
Overland Park, Kansas-based
Carson Development Inc. is devel-
oping and building Johnstown
Plaza, whose 500,000-sf first phase
will be delivered in mid-2017. At
build-out, the development will
comprise 1.1 million on 80 acres
of land.
“There is a good retail synergy
in this area. The traffic count at that
intersection is really strong,” said
Matt Salamat of Carson Develop-
ment, which developed a Scheels
store in Overland Park and assist-
ed in identifying the Johnstown
location. The interchange sees
120,000 cars per day, making it
the highest-trafficked intersection
in Northern Colorado.
The I-25-Highway 34 inter-
section is surrounded by retail,
including the Marketplace at Cen-
terra, the Outlets at Loveland and
Promenade Shops at Centerra.
Salamat said based on interest in
Johnstown Plaza, there continues
to be strong demand from retailers
wanting to be in the area.
“There has been a lot of inter-
est from retailers that don’t have
stores yet in the Northern Colora-
do area, sowe’ve had a lot of inter-
est from those retailers as well as a
lot of retailers interested in relocat-
ing their stores to our center,” said
Salamat. The development will
include additional anchors as well
as smaller retailers.
Scheels is expected to draw cus-
tomers fromthroughoutColorado,
as well as the surrounding region.
“It’s really a destination-type
retailer. They do sporting goods
for pretty much everyone – men,
women and children – but they
also have a 60-foot Ferris wheel in
the store, they have a 16,000-gallon
fish aquarium, they have bowling
alleys, they have shooting ranges,
they have information on wildlife.
There’s really quite a bit to draw
people in,” said Salamat.
According to Scheels’ website,
the retailer operates 26 stores in 11
states. Its Reno/Sparks store is the
largest all-sports store in theworld.
Jeff DeGasperi of DeGasperi &
Associates Architecture in Over-
land Park is designing Johnstown
Plaza.
“I think it will be a great project
for the north Colorado area and
the whole Denver area, and the
surrounding area as well. It will be
a nice project,” said Salamat.
Other News
n
Bruton Loveland LLC,
aColo-
rado investment group, purchased
a 3,740-square-foot building occu-
pied by Wells Fargo for $725,000,
or $193.85 per sf, in an off-market
transaction.
The property is located at 1073
N. LincolnAve. in Loveland.
“We had just renewed the Wells
Fargo lease in that building and
sold it to an investor,” said
Pat-
rick O’Donnell
of
Realtec-Love-
land.
He and
Bruce Campbell
of
Realtec-Loveland handled both
sides of the transaction.
Morey
Plaza LLP
was the seller.
n
Poehlmann Construction
Inc.,
a general contractor, leased
2,600 sf of office and storage space
at 2600 Canton Court, Suite B, in
Fort Collins.
Terri Hanna
of
W.W. Reynolds
Real Estate Services
represented
the landlord.
s
A rendering of one of the Johnstown Plaza retail buildings designed by DeGasperi & Associates Architecture
