April 6-April 19, 2016 —
COLORADO REAL ESTATE JOURNAL
— Page 15
by Jill Jamieson-Nichols
A burst of approximately $40
million in new construction is in
store for Harmony Technology
Park in Fort Collins.
A hotel, 40,000 square feet of
retail space and a 25,000-sf office
building will comprise Harmony
Commons, a 9.2-acre develop-
ment at the southeast corner of
Harmony Road and Lady Moon
Drive in Harmony Technology
Park. Construction of the first two
retail buildings, one of which will
house a large brewpub concept, is
expected to start inMay.
“We’ve been marketing and
building at Harmony Technol-
ogy Park for the past five years.
We’ve seen
the demand
from retailers
wanting to be
on Harmony
Road,” said
Kevin Brink-
man, president
of Brinkman
Partners.
T h a t
demand has
translated into commitments for
about half of the first phase of retail
development, whichwill comprise
30,000 sf. In addition to the brew-
pub, which Brinkman said “will
be a cool amenity for the neighbor-
hood,” there will be coffee shop,
restaurant, fitness and hair salon
uses thatwill serve as amenities for
the park and the surrounding area.
“I think it will be a great tenant
mix,” he said.
Brinkman Partners, which is
under contract to buy the land
from Harmony Technology Park
owner and developer MAVD
West, has been working with
MAVD on the site plan and uses
to ensure Harmony Commons is
symbiotic with the rest of the park,
Brinkman said.
A 105-acre project on the south
side of Harmony between Ziegler
Road and Lady Moon Drive, Har-
mony Technology Park houses
Rodelle Inc., which has 67,000 sf
and land for expansion; a 50,000-
sf office building anchored by
Numerica Corp.’s headquarters;
Brinkman Partners’ 30,000-sf office
building; and additional uses.
Eldon James Corp. is planning a
90,000-sf facility in the park, and
newmedical andsenior livinguses
are going in along Ziegler Road.
Major employers including Intel,
Banner Health, Hewlett-Packard,
Avago Technologies and others
surround the park, and as a result
the area also has attracted new
rooftops that are feeding demand
for retail, Brinkman said.
Brinkman Partners has a medi-
cal user for approximately half of
the planned office building. The
hotel, which will include approxi-
mately 100 guest rooms, will carry
a national flag and likely will start
construction in the fourth quarter.
Fort Collins-based r4 Architects
is designing the commercial space.
Brinkman Partners will be the con-
tractor.
Brinkman Partners expects to
announce Harmony Commons’
tenants within the next month.
Other News
n
The True Life Companies LLC
recently paid $3.6 million, or 33
cents per square foot, for 247 acres
of residential development land
known as Lee Farmat 4300Wilson
Ave. in Loveland.
The seller was
GA Lee Farm
LLC.
The buyer had to complete a
partial modification to the planned
unit development, and major
infrastructure improvements will
provide for continued develop-
ment in that part of the city.
“It’s a piece that’s going to
prompt the continuation of devel-
opment in the northwest part of
the city of Loveland,” said
Larry
Melton
of
Realtec-Loveland,
who
was involved in selling the prop-
erty with
CBRE’s Peter Kast
and
Nathan Klein
of
Loveland Com-
mercial.
“It’s a great piece of property,”
said
Eric Roth
of CBRE, who rep-
resented the buyer with
Martin
Roth,
also of CBRE. Predominant-
ly single-family development is
planned.
n
A rental equipment company
catering to the oil and gas indus-
try leased an approximately 4-acre
industrial lot for its business. The
property at 22785 Weld County 62
in Greeley, within Union Colony
Business Park, includes a residence
that will be used for offices.
The tenant,
Grady Rentals LLC,
is shifting its Wyoming opera-
tions to Colorado, according to
Dan Leuschen
of
SVN/Denver
Commercial,
who represented the
landlord,
Peckham Development
Corp.
“They already are operating
here, but they wanted to con-
solidate in one yard, and Greeley
was more central for their Rocky
Mountain region,” Leuschen said.
Grady Rentals is headquartered
in Cleburne, Texas.
n
Orange Canyon Invest-
ments
paid $600,000 cash for 4,890
sf of office/industrial space at 6748
N. Franklin Ave. in Loveland. The
acquisition was part of a 1031
exchange.
Bill Reilly
and
Jerry Chilson
of
SVN/Denver Commercial
were
the listing brokers.
Craig Hau
of
The Group Inc.
represented the
buyer.
n
The
Colorado State Univer-
sity Research Foundation
pur-
chased a 3,854-sf office property at
1105 W. Myrtle St. in Fort Collins
from
American Baptist Church.
The price was $540,000.
The property became surplus
after American Baptist Church
expanded its Elderhaus Center to
new facilities.
CSURF owns the property to the
south.
Harmony Commons will include 40,000 square feet of retail space, office space and a hotel.
Larimer & Weld Counties
Kevin Brinkman
