Colorado Real Estate Journal - June 15, 2016
An outdoor products supplier has acquired 20 acres of land in the Colorado Tech Center in Louisville for construction of a new distribution facility. Allen Co., which has been headquartered in Broomfield since 1970, will build an approximately 300,000-square-foot facility on the site, which is located at Boxelder Street and CTC Boulevard in the southeastern portion of the tech center. The buyer paid $2.3 million for the property, according to Andrew Freeman, president of Freeman Myre, who handled the transaction. The building will accommodate Allen Co.’s expanding business, said Freeman. “We began working on the deal about five years ago, toured multiple sites across the metro area, and it’s fantastic to see one of the largest user development projects in the metro area finally land in the Colorado Tech Center,” he said. “This was one of the last contiguous sites remaining in the park and most likely in the rest of the Highway 36 corridor.”
Allen Co. is a leading supplier of hunting, shooting, archery and other outdoor products. Other transactions Freeman recently handled included: • Aragon Elastomers’ 30,000-sf lease at 740 S. Pierce Ave., also in the Colorado Tech Center. Aragon designs, develops and manufactures polyurethane products for several industries. Aragonics, also in the polyurethane industry, signed a lease for 23,000 sf in the same building. • A pair of leases at 226 Commerce St. in Broomfield. Forte Supply Co., an ice-cream and yogurt vending machine distribution company, leased 11,000 sf. Stone Lighting, a high-end lighting distribution company, also leased 14,000 sf recently in the same building. In addition, the Denver Post leased 14,000 sf at 224 Commerce earlier this year for use as a newspaper delivery annex. • The $3.1 million sale of a 12,000-sf building at 3000 Pearl St. in Boulder. Freeman was the managing member of the limited liability company that sold the property to Southern Land Co. It is among four sites being assembled for Rêve, which Southern Land will develop across from the Google campus in Boulder. The development will include 244 residential units, as well as office, retail and restaurant space. • A 20,000-sf lease renewal with Lockheed Martin Corp. at 6565 Odell Place in Boulder. Lockheed Martin has been in the building, which is a mile from the company’s 150,000-sf facility in Gunbarrel Business Park, since Freeman acquired it in 2000. Other News Crunch Technologies recently leased 1,700 square feet of space for a new production and development facility at 4699 Nautilus Court, Suite 203, in Boulder and will move into the building in July. Launched in 2014, the company specializes in contractor optomechanical and ultra-fast laser optical design. “The supply for this type of space is really limited. We leased the space before it was vacated by the current tenant,” said Jason Kruse of The Colorado Group. Kruse handled the transaction with Micah Loeb, also of The Colorado Group. NavPoint Real Estate Group reported recent leases in Longmont and Broomfield. Fit Chick Express leased 2,915 sf of retail space at 340 Lashley St., Suite 100, in Longmont for two years. Matt Kulbe and Anthony Damico of NavPoint represented the landlord. Also, F150Lifts signed a three-year lease for 2,027 sf of industrial space at 3400 Industrial Lane, Suite 8B, in Broomfield. Damico and Matt Call of NavPoint represented the landlord.