Colorado Real Estate Journal - November 19, 2014

Whole Foods center sells to Phoenix group for $22.8 million

by Jill Jamieson-Nichols

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A two-tenant building anchored by Northern Colorado’s only Whole Foods store recently sold for $22.8 million.

CH Realty V/FTC Retail LLC, which is affiliated with Crow Holdings, sold the property at 2201 S. College Ave. in Fort Collins to Cole Credit Property Trust IV Inc., which owns predominantly freestanding retail properties across the country.

The 68,334-square-foot building is 100 percent leased to Whole Foods, which occupies 44,997 sf, and Wilbur’s Total Beverage, which has 23,337 sf, according to LoopNet.

Neither the buyer nor seller would comment about the transaction. HFF, which handled the sale, also declined to comment.

The property is located on the highly trafficked College Avenue corridor, next to King Soopers, OfficeMax, Petco and other retailers, and is close to the Colorado State University campus.

Other News

Roy W. Martin purchased a 2,239-square-foot industrial property at 246 Basher Drive, Unit 6, in Johnstown as an investment. James R. and Lynda L. Vitale sold the property for $180,000 cash.

Randy Marshall of Sperry Van Ness/The Group Commercial LLC represented the buyer. Mary Jo Brockshus of Re/Max Alliance-Commercial was the listing broker.

Academy Heating and Cooling leased 2,251 sf of industrial space at 4562 Denrose Court, Unit 5, in Fort Collins.

Jeffrey Doran of Realtec Commercial Real Estate Services represented the landlord, Mariah Properties LLC.

Erik Broman, also of Realtec, represented the tenant.

TVA LLC leased 2,207 sf of office space at 231 W. 67th Court in Loveland.

Jerry Chilson of Sperry Van Ness/The Group Commercial represented the tenant. Ron Young of Re/Max AllianceCommercial represented the landlord, VI-PER Investments LLC.