Congratulations to Gazelle Transportation, Inc.

Congratulations to Ron Lallo of Lallo Investments, LLC on behalf of Gazelle Transportation, Inc. on the purchase of an industrial property off of US Highway 85 and 31st Street in Evans, CO. The property is located at 3102 State Street, 3108 State Street and 708 31st Street, all off of Highway 85 in Evans, CO. The property totaled approximately 2.577 acres, with commercial buildings of 5,955 and 5,128 square feet, was purchased for $615,000 ($4.98/SF) and closed on May 29, 2012.

Currently the Greeley/Evans area is experiencing an shortage of industrial property with yards suitable to meet the needs of the growing oil and gas industry in Weld County. Lallo Investments, LLC purchased a creative property assemblage to meet their needs. They will be using the former Randy's Diner for their office and storage and the former gas station/convenience storeland and  Truck Wash as a yard and storage for their vechicles.

Gazelle Transportation, Inc., a branch of Gazelle Investments, LLC, has grown to what has become one of the nation's premier crude oil logistics companies. With a presence in most US crude oil-producing regions and are recognized as providing safe, reliable and competitively-priced services to the oil and gas industry. With a growing fleet and well-maintained facilities, Gazelle strives to provide World Class service to its customers nationwide.

The oil and gas industry continues to grow in Weld County, as seen in many articles, for instance:
"Average wages are going up considerably in Weld County, due in large part to the increase in employment in the oil and gas industry and its supporting activities." Sharon Dunn / Greeley Tribune, June 23, 2012.

The property purchased was listed for sale by Nathan Klein, Partner and Broker for Loveland Commercial, LLC out of Loveland, CO.  Mr. Lallo, the buyer, was represented by Steve Kawulok, Managing Broker of Sperry Van Ness/The Group Commercial, LLC out of Fort Collins, CO.