Congratulations to Robbie Emge on her new store opening at 136 W. 4th Street in a lease negotiated by Nathan Klein of Loveland Commercial, LLC on behalf of the Ada M. Johnson Family Partnership, the longtime landlord of the Downtown Loveland building. For more information on Garment Gal, please see yesterday's Reporter Herald article: http://www.reporterherald.com/news_story.asp?ID=33012
For more information on Loveland Commercial's commercial real estate opportunities, please visit our website at http://www.lovelandcommercial.com/ or call us at (970) 667-7000.
Tuesday, May 31, 2011
New King Soopers Prototype to Open June 1st at North College Marketplace
Loveland Commercial is pleased to share that the grand opening of King Soopers at North College Marketplace is set for June 1st, 2011. This will be the second King Soopers in Northern Colorado to open with the new 123,000 square foot 'Marketplace' prototype competing with Super Wal-Mart and Super Target by offering customers a more complete one stop shopping experience. Below is an article by the Coloradoan offering insight into this new store.
King Soopers gears up for its grand opening
Furniture, clinic among features in 123,000-square-foot North College store
Written By
Pat Ferrier, Coloradoan
Workers fill a row of freezers at the new King Soopers at the North College Marketplace in Fort Collins on Wednesday to get ready for this week's grand opening. / v. Richard Haro/The Coloradoan
The interior perimeter of the new King Soopers store on North College Avenue is a quarter-mile walk.
It's a fun fact that shows the sheer size of this store that opens Wednesday at the city's northern gateway. It's big. Really big. With 123,000 square feet, it is twice as big as any other King Soopers in the city.
Here you can get a physical exam, buy an engagement ring, test drive a vacuum cleaner, furnish your living room, replace your bathroom towels, splurge on a live lobster, grab a cup of coffee and even do your grocery shopping.
King Soopers spokeswoman Kelli McGannon said the brand, owned by Kroger, wants to deliver one-stop shopping to its time-starved customers.
“The grocery marketplace is very competitive,” McGannon said. “We have to work hard every day to do something different and give customers what they want. We provide a one-stop solution to earn their loyalty. If we don’t work hard at that, we lose.”
The grocery store is located at 1842 N. College Ave. on 10 acres within the North College Marketplace. But it’s not likely to boost city sales tax revenue, said Jessica Ping-Small, the city’s sales-tax manager. “We’re not expecting a lot of net new sales tax,” she said. “We’re expecting sales would be shifting from other locations.”
King Soopers is expecting some of that shift, as well, but McGannon said the store will welcome shoppers no matter which King Soopers they previously patronized. “No matter where we earn customer loyalty, the consumer will find which solution works for them. This side of town has not been served by King Soopers, which has four other stores in Fort Collins.”
Located within the North College Urban Renewal Area, or URA, the City Council, which acts as the Urban Renewal Authority board, approved using $8 million in tax funding for the North College Marketplace, which is expected to generate about $16.4 million during about 20 years.
King Soopers declined to disclose its expected annual revenue.
Marketplace developer Eric Holsapple of Loveland Commercial LLC said Wednesday’s opening “feels great. It’s been a long haul. Our group pulled together and got it done. King Soopers has gotten what it needed to get done and it feels great.”
-END-
To find out more information about available space for lease or available pad sites for sale at North College Marketplace, contact Nathan Klein at Loveland Commercial. (970) 667-7000 x 106, nklein@lovelandcommercial.com, www.lovelandcommercial.com
King Soopers gears up for its grand opening
Furniture, clinic among features in 123,000-square-foot North College store
Written By
Pat Ferrier, Coloradoan
Workers fill a row of freezers at the new King Soopers at the North College Marketplace in Fort Collins on Wednesday to get ready for this week's grand opening. / v. Richard Haro/The Coloradoan
The interior perimeter of the new King Soopers store on North College Avenue is a quarter-mile walk.
It's a fun fact that shows the sheer size of this store that opens Wednesday at the city's northern gateway. It's big. Really big. With 123,000 square feet, it is twice as big as any other King Soopers in the city.
Here you can get a physical exam, buy an engagement ring, test drive a vacuum cleaner, furnish your living room, replace your bathroom towels, splurge on a live lobster, grab a cup of coffee and even do your grocery shopping.
King Soopers spokeswoman Kelli McGannon said the brand, owned by Kroger, wants to deliver one-stop shopping to its time-starved customers.
“The grocery marketplace is very competitive,” McGannon said. “We have to work hard every day to do something different and give customers what they want. We provide a one-stop solution to earn their loyalty. If we don’t work hard at that, we lose.”
The grocery store is located at 1842 N. College Ave. on 10 acres within the North College Marketplace. But it’s not likely to boost city sales tax revenue, said Jessica Ping-Small, the city’s sales-tax manager. “We’re not expecting a lot of net new sales tax,” she said. “We’re expecting sales would be shifting from other locations.”
King Soopers is expecting some of that shift, as well, but McGannon said the store will welcome shoppers no matter which King Soopers they previously patronized. “No matter where we earn customer loyalty, the consumer will find which solution works for them. This side of town has not been served by King Soopers, which has four other stores in Fort Collins.”
Located within the North College Urban Renewal Area, or URA, the City Council, which acts as the Urban Renewal Authority board, approved using $8 million in tax funding for the North College Marketplace, which is expected to generate about $16.4 million during about 20 years.
King Soopers declined to disclose its expected annual revenue.
Marketplace developer Eric Holsapple of Loveland Commercial LLC said Wednesday’s opening “feels great. It’s been a long haul. Our group pulled together and got it done. King Soopers has gotten what it needed to get done and it feels great.”
-END-
To find out more information about available space for lease or available pad sites for sale at North College Marketplace, contact Nathan Klein at Loveland Commercial. (970) 667-7000 x 106, nklein@lovelandcommercial.com, www.lovelandcommercial.com
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