Page 14 —
COLORADO REAL ESTATE JOURNAL
— February 17-March 1, 2016
Larimer & Weld Counties
by Jill Jamieson-Nichols
A technology company with
three locations in Loveland leased
66,443 square feet of office space
on Hewlett-Packard’s campus in
Fort Collins.
Madwire, a digital marketing
company, has grown from two
to 250 employees. It expects to
continue its growth with the relo-
cation to 3420 E. Harmony Road.
“We looked at many different
options,” said Tom Grotewold
of Rare Space, who represented
Madwire with partner Travis
Bontrager. “The HP facility in
Fort Collins made a lot of sense
because they have enormous floor
plates up there,” he said, noting
it’s unusual to find floor plates of
60,000 sf. The building also has six
parking spaces per 1,000 sf, which
is “unheard of” in Fort Collins, he
said.
The space gives Madwire room
for additional growth. In addition,
“The economics were the most
attractive of the options that we
looked at,” Grotewold said.
The timing also was good in
that the space, located on the third
floor of the three-story building,
was immediately available.
“They are big into fitness and
they will be able to put a gym
on the first floor,” said Grote-
wold. There also is a bike shed
for employees and access to HP’s
on-site cafeteria and outdoor ame-
nities, including a softball field,
Frisbee golf, basketball, etc.
“It really was an excellent land-
ing spot for Madwire,” Grotewold
commented.
Madwire signed a 10-year lease
with HP and expects to complete
its move by early June.
“We are happy tohaveMadwire
as the lead tenant in this office
project,” said Peter Kast of CBRE,
who represented HP in the trans-
action. “They are a vibrant local
company, and this building will
help themas they grow to the next
level.”
HP built the building and occu-
pied it until mid-2015. The com-
pany since has split into HP Inc.
and Hewlett Packard Enterprise.
Other News
n
Osage Properties LLC
paid
$1.03million, or $113.71 per square
foot, for a 9,014-sf retail building
at 522 Warner St. in Fort Morgan.
Dollar General leases the property.
Joshua Cohen
of
John Propp
Commercial Group
represented
the buyer.
STL Ft. Morgan DG LLC
was the seller.
n
CBRE Inc.
completed the fol-
lowing Northern Colorado trans-
actions:
Otterbox
signed an 11-year
lease for a 200,000-sf warehouse
at 4185 Salazar Way in Frederick.
Kyle Lundy
represented Otterbox.
Exodus Moving and Storage
signed a four-year lease for 53,000
sf of industrial space at 120 N.E.
Frontage Road in Fort Collins.
Lundy and
Peter Kast
represent-
ed the tenant.
Elevations Credit Union
pur-
chased a site for a new branch
at 2025 S. College Ave. in Fort
Collins. An 11,000-sf building will
replace the One Stop Asian Mart
gas and convenience store.
Pete
Kelly
handled the $729,000 trans-
action.
Achurch building at 250 Moun-
tainAve. in Berthoud sold for $1.1
million.
Bert Morrison
of Free-
domChurch purchased the15,000-
sf facility from
Clay Peck
of Grace
Place.
Julius Tabert
handled both
sides of the transaction.
n
AdEstes Properties LLC
paid
$775,000, or $52.45 per sf, for the
14,776-sf Rocky Mountain Health
Club building on 1.41 acres at 1230
Big Thompson Ave. in Estes Park.
Noble Enterprises LLC
was the
seller.
Jeff Doran
of
Realtec Commer-
cial Real Estate Services
handled
both sides of the transaction.
n
Timberline Development
LLC
sold a 64,000-sf pad site at
Timberline Center in Fort Col-
lins for $550,000. The property is
located at 2133 S. Timberline Road
and will house multitenant medi-
cal office condos.
Josh Guernsey
and
Jake
Arnold
of
Brinkman Partners
brokered the transaction.
n
Guernsey and Arnold also
represented
Patricia A. Lawser
IRA
in the sale of 0.8 acres at Tim-
berline Center for construction of
a dialysis center. Lot 9 sold for
$200,680.
Jason Ells
of
Cushman&Wake-
field
represented the buyer,
FMC-
Fort Collins, CO-1-UT LLC.
n
WBCM Holdings LLC
pur-
chased 3,808 sf of industrial space
at 372 Mountain View Road,
Units 12 and 13, in Johnstown for
$358,743.
Jerry Chilson
of
Sperry Van
Ness/Denver Commercial
repre-
sented the sellers,
Charles J. Ihrig
and
Denise L. Ihrig. Matt Patyk
and
Kevin Phelan
of
CBRE
repre-
sented the buyer.
n
Miltimin USA Inc.
leased
2,440 sf of office space at 2809 E.
Harmony Road, Suite 120, in Fort
Collins.
PPG MOB Fund IA LLC
is
the landlord.
Michael Ehler
of
Realtec Com-
mercial Real Estate Services
han-
dled both sides of the transaction.
n
Professional Engineer-
ing Consultants
leased 2,415 sf
of office space at 420 Linden St.,
Suites 110 and 120, in Fort Collins.
Cobey Wess
of
Sperry Van
Ness/Denver Commercial
repre-
sented the tenant.
Nate Heckel
of
Cushman &Wakefield
represent-
ed the landlord,
Linden Bridges
LLC.
s
Madwire will relocate into 66,443 square feet on the HP campus in Fort Collins.
