Colorado Real Estate Journal - December 2, 2015
A fully occupied office building on East Horsetooth Road in Fort Collins sold off market for $3.1 million, or $228.13 per square foot. Lewis Melvin Johnson, a Fort Collins investor, purchased the 13,589-sf building at 375 E. Horsetooth in the Shores Office Park as part of a 1031 exchange. Shores V LLC sold the property, which was fully occupied by three tenants. Jared Goodman of Cushman & Wakefield represented the seller in the transaction. Cole Herk and Stuart Thomas, also of Cushman & Wakefield, represented the buyer. Other News BASE Camp Inc. purchased 6,088 square feet of office space at 1224 E. Elizabeth St. in Fort Collins for $761,000, or $125 per sf. The seller was Cornerstone Medical Holdings LLC. Annah Moore of Realtec Commercial Real Estate Services was the listing broker. Dan Bernth of Doberstein Lemberg Commercial represented the buyer. KSR LLC purchased 95,832 sf of land at 3836 Manhattan Ave. in Fort Collins from 2010- 1 RACD/CADC Property XI LLC for $400,000. Mark Bradley of RealtecGreeley and Larry Melton of Realtec-Loveland represented the seller. Russell Baker of Cushman & Wakefield represented the buyer. 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. Mark Bradley of RealtecGreeley represented SegrestMilliken 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. Amusement Arcade signed a lease for 3,900 sf of retail space at 3615 23rd Ave., Units 9-11, in Evans. Nick Berryman of RealtecGreeley handled both sides of the transaction. JSPERGM Inc. is the landlord. Elements Recovery LLC, which focuses on insurance claim recovery, and the Beauty Bar by Charity Laine, a “medispa,” 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. 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.