Northern Colorado's Commercial Real Estate News

Congratulations to Larry Herdt

2011-12-20T15:46:00.000-08:00

Congratulations to Larry Herdt for leasing 800 SF within Mckee Meadows Shopping Center in Loveland, CO. Larry will be running his Allstate Insurance Agency out of the space. For more information in leasing space within McKee Meadows, or for other brokerage services offered by Loveland Commercial, please contact us at 970-667-7000 or www.lovelandcommercial.com

Downtown Property Under Contract Within 2 Weeks

2011-12-19T15:46:00.000-08:00

Congratulations to Ozzie Wilson in the sale of 330 E 4th Street in Downtown Loveland. Due to the buzz in downtown Loveland, this property was under contract within 2 weeks of being listed. The Buyers, 330 E 4th Street, LLC plan to use the property as an investment. Nathan Klein & Nick Galluzzo of Loveland Commercial represented the Seller in this transaction. For more information on brokerage services offered, contact Loveland Commercial at 970-667-7000 or www.lovelandcommercial.com

At the Beach Leasing Space in County Club Plaza

2011-12-05T08:00:00.000-08:00

Nathan Klein of Loveland Commercial, LLC represented the Landlord of County Club Plaza in a lease with At the Beach Tanning Salon in Greeley, CO. At the Beach will join Starbucks, Noodles & Co., and others in the retail complex just east of Wal-Mart off Highway 34 in Greeley. For more information or to discuss Loveland Commercial's marketing and brokerage services, please contact us at (970) 667-7000 or visit our website at http://www.lovelandcommercial.com/

Congratulations to Alex Harris

2011-12-02T15:11:00.000-08:00

Congratulations to Alex Harris of Nerd Fit for leasing the remaining 1,750 SF of retail space in the Harmony Center located at the busy corner of College Avenue & Harmony Road in Fort Collins. This Property is now 100% occupied. Be sure to check them out at www.nerd-fit.com. Nathan Klein of Loveland Commercial brokered this deal. For more information on brokerage services, contact Loveland Commercial at 970-667-7000 or www.lovelandcommercial.com

Congratulations to Loveland Ale Works

2011-10-07T14:59:00.000-07:00

Congratulations to Nick Callaway with Loveland Ale Works for being featured in the Reporter-Herald this past week. Nathan Klein of Loveland Commercial worked with Nick to secure his new 4th Street location. For information on lease negations, or tenant representation, contact Loveland Commercial at 970-667-7000 or www.lovelandcommercial.com

Here comes the brew: Loveland Ale Works will make its home on Fourth Street

By Madeline Novey Reporter-Herald Staff Writer

Posted: 10/01/2011 03:55:28 PM MDT

Loveland Ale Works owner Nick Callaway poses Tuesday next to equipment for his 10-barrel brewing system that he recently purchased. Callaway's brewery will be located at 118 W. Fourth St. in downtown Loveland. ( Steve Stoner )

Loveland Ale Works

What: A future addition to Northern Colorado's growing micro-brew industry.

Where: 118 W. Fourth St.

When will it open?: While that depends on acquisition of building permits and the building process, owner Nick Callaway would like to open shop sometime around the first of the year.

After high school Nick Callaway went to college, dropped out, worked on the ski slopes for four years, went back to college, switched his major a couple of times, and earned a degree in engineering and physics. But the whole time, he wished he could have majored in brewing beer.

Years later, the home-brewer's dream is set to come true as he pours hundreds of hours into opening his first business, Loveland Ale Works.

A Brewer's Future

On Wednesday afternoon, Callaway stood over lamp-lit plans portioning out each of the 5,000 square feet in the now-vacant industrial space at 118 W. Fourth St. Over the coming months, the building will get two rolling glass garage doors at its entrance, the historic tin ceiling will be refurbished and what is now a dusty cement floor will become the foundation of Callaway's livelihood.

Over the past three or four years, the Greeley resident looked up and down the Front Range and across Northern Colorado for a good spot to open shop. Then a friend told him about Loveland and connected him with senior planner Mike Scholl, who persuaded him to open in the growing downtown area.

Everything took off from there.

Standing at his storefront, Callaway paused his story and pointed to the battered "King Storage" sign atop the coffee shop across Fourth Street.

"I just like these old downtown areas," he said. "You can't fake that kind of stuff."

Callaway is currently in the process of acquiring building permits and hiring contractors to renovate the site. When all is said and done, he will be the proud owner of a 30 feet by 30-feet tasting room with windows looking into the brewing area.

Keeping it simple to maintain quality, Loveland Ale Works will use a 10-barrel system to serve up four primary brews -- an Imperial Stout "for sure," a Belgian Trippel, a Saison and Pale Ale, of sorts. Six other seasonal or specialty beers will rotate on tap.

The company will also distribute its beers within a 20-mile radius to start, Callaway said, with consideration for future expansion.

"People want local food. They don't want it processed." Callaway said, dwarfed by one of his massive fermentation tanks in storage a few blocks from the future brewery. "The same goes for beer."

A Growing Market

With craft brew giants New Belgium, Odell Brewing Co. and others up north and Grimm Brothers Brewery, Big Beaver Brewing Co. and Rock Bottom Brewery in Loveland, Callaway isn't intimidated. He feels quite the opposite, in fact, and noted a healthy competition and feeling of cooperation among all.

While moving in, Callaway has sought and received ample feedback from those at Grimm Brothers.

"I think it's exciting," Grimm's president and head brewer Don Chapman said of Callaway's venture.

He doesn't believe the new brewery will deter business "as much as it just builds awareness in general and turns out more people interested in tasting beer."

Jim Francis, director of Colorado State University's new Beverage Business Institute, said Loveland Ale Works' opening just adds to the microbrewery growth the state and Northern Colorado is experiencing.

"We like to think that we're absolutely in the top three," in terms of microbrew market size in the U.S., he said, though, "We have told people before that we think we're No. 1."

Portland, Ore.; Seattle, Wash.; and Asheville, N.C., are other contenders.

Often referred to as the "Napa Valley of beer," Colorado is at the center of growth in the microbrew industry, Francis said, boasting a 25 percent employment rate increase between 2000 and 2010.

The industry flourishes here because the state has resources others don't, he said. With Anheuser-Busch and MillerCoors brewing companies in "our backyard," there is a plethora of skilled workers; the water isn't the best but is better than that in nearby states; good transportation systems make for improved distribution; and business benefits from the area's entrepreneurial climate.

Simply put, it's a good place to brew beer.

Back to Loveland

Ale Works ...

While he couldn't give a hard-and-fast date (because of the unpredictability of the permitting and building processes), Callaway said he would like to open near the first of the year.

And he's really looking forward to adding another spot to the downtown area that gives people a chance to relax and enjoy life.

"I imagine them sitting down to have a pint, get a growler and going home; having dinner or just going out after," he said.

Madeline Novey can be reached at 669-5050, ext. 516, or mnovey@reporter-herald.com.

Congratulations to Scott Vaughn

2011-09-05T14:18:00.000-07:00

Congratulations to Scott Vaughn of Sickie Properties, LLC on the purchase of his second industrial condo in the Lakemont III Condominium Development in Wheat Ridge, CO. He purchased Unit 200-250 for $597,840 which consists of 6,360 SF. Nathan Klein represented Scott in the transaction. For more information on Tenant Representation services, contact Loveland Commercial at 970-667-7000

Congratulations to Watson Moving & Storage

2011-09-02T10:04:00.000-07:00

Congratulations to Joel & Lindsay Gilliland of Watson Moving & Storage on the purchase of an industrial condo located at 200 12th Street SW, Unit 106 in Loveland, CO. They purchased the unit for $105,000 for use with their moving & storage business. Nathan Klein of Loveland Commercial represented them in the deal. For more information on Tenant Representation services, contact Loveland Commercial at 970-667-7000.

Loveland Ale Works Leases Remaining Space in 102-136 W 4th Street

2011-08-31T11:00:00.000-07:00

Congratulations to Nick Callaway of Loveland Ale Works for leasing the remaining 4,506 SF of retail space in the retail/industrial building located at 102-136 W 4th Street in Downtown Loveland. This Property is now 100% occupied, and Loveland Ale Works will soon have a tasting room open to the public. Nathan Klein of Loveland Commercial brokered this deal. For more information on brokerage services, contact Loveland Commercial at 970-667-7000.

Loveland Commercial Sells Five Industrial Condos in Carson Business Center

2011-08-29T15:32:00.000-07:00

Nathan Klein of Loveland Commercial, LLC just sold five commercial condos in two separate transaction in the Carson Business Complex in Evans, CO. The first transaction, which closed July 22, included two units totaling 2,858 SF and sold for $134,625. The Seller was Advantage Bank, and the Buyer was Schneider Holdings Company, LLC The second transaction for the remaining three units, totaling 4,284 SF, sold for $180,000 on August 16. The Seller again was Advantage Bank, and the Buyer was LaSalle Rental Property One, LLC.

For more information on brokerage services, contact Loveland Commercial at 970-667-7000.

Loveland's ACE developer cuts bait

2011-08-22T07:24:00.000-07:00

United exits negotiations for Agilent campus
By Tom Hacker For The Times-Call

LOVELAND -- Plans for the Aerospace Clean Energy Manufacturing and Innovation Park (ACE) remain on track despite Monday's exit of the lead developer, city officials and project backers say. Minneapolis-based United Properties, which partnered on the ACE project with the Colorado Association for Manufacturing and Technology (CAMT), abruptly ended its negotiations with the city to buy the Agilent Technologies Inc. campus where the technology manufacturing park is taking shape.

The Agilent Technologies Inc. campus in Loveland, pictured in an aerial view on Jan. 21, emerged on April 5 as the choice for the Aerospace Clean Energy Manufacturing and Innovation Park. Monday, United Properties of Minneapolis pulled out of the project, saying it could not close the deal under the current lending environment and under tight deadlines. ( RICHARD M. HACKETT )

"It is going to go forward, and it's going to explode," CAMT chief executive Elaine Thorndike said following the United Properties announcement. "The things that are crucial -- the interest from companies and our own initiatives -- are going better than we ever could have imagined," she said. "There are so many exciting things going on that we're not discouraged by this."

Thorndike and Loveland officials said within hours of the United Properties announcement that they had scheduled meetings with other developers -- including Northern Colorado companies McWhinney, Loveland Commercial, and Neenan Co. -- to fill the void left by the Minneapolis company.

7,000 potential jobs
Thorndike also said her agency, along with NASA and the Golden-based National Renewable Energy Laboratory (NREL), are in talks with scores of manufacturing companies that are interested in locating at the ACE park.

Project organizers say they plan to have as many as 100 companies, employing up to 7,000 people, engaged in turning NASA and NREL technology patents into products, getting them to market on a fast-track schedule.

United Properties president Frank Dutke said Monday that interest from large, national companies was insufficient to continue with the project. "It has always been our view that this not be a speculative project, and that there be users identified before we begin the redevelopment there," Dutke said. "We believe that in order to finance a multistory, multitenant industrial project that there must be at least some national companies on the rent roll."

CAMT and United Properties announced their partnership, and Loveland's choice as the ACE location, on June 21. United Properties then entered into an exclusive, 60-day negotiating process with the city to buy the 812,000 square feet of buildings and 130 acres of developable land at Agilent.

'Very good tenants'
City Manager Bill Cahill said he thought the decision by United Properties to pull out of the project was driven by the company's business plan. "I think UP had a business model that called for a certain proportion of the buildings to be filled by credit tenants by a certain date," Cahill said.

"A lot of the companies that have expressed interest in the project are very good tenants but do not fill the credit-tenant requirements." Credit tenants, in commercial real estate parlance, are large, national companies whose resources guarantee fulfillment of long-term leases, and whose presence would help secure favorable project finance terms.

City and CAMT officials will meet this week with four developers that Loveland officials had earlier identified as top prospects for the job of developing the ACE project. McWhinney, Loveland Commercial LLC and Fort Collins-based Neenan Co. all responded to the city's request for proposals on the project in February. The fourth is Richmond, Calif.-based Orton Development Inc.
Discussions with developer prospects likely will be the topic of a special closed-door meeting of the Loveland City Council that will convene tonight.

Loveland City Council Will Focus on Downtown Loveland

2011-08-16T08:19:00.000-07:00

Key downtown development projects appear on councilors' menu Tuesday
By Tom Hacker, Reporter Herald

Loveland city councilors will be asked, twice, to set the table for downtown revitalization projects.
First, they'll hear a recommendation from planners to expand a taxing district set up for the Lincoln Place project to include a planned five-story, 70,000-square-foot mixed-use building on the southwest corner of Sixth Street and Lincoln Avenue.

Then, they will get a request to remove a development roadblock by buying the contaminated site that housed a dry-cleaning business at Third Street and Lincoln Avenue.

Those two actions, planners say, would unlock the potential for developers to breathe more life into Loveland's downtown district, and ignite further redevelopment in the city's core.

"These two, together, are really key pieces in the downtown redevelopment plan," Loveland senior planner Mike Scholl said.

The Sixth-and-Lincoln project proposed by Fort Collins-based Brinkman Partners would put 72 rental apartments, plus several combined live-work spaces, on the downtown market.

A groundbreaking planned for early next year will depend on some creative financial strategies, including the expansion of an urban renewal authority established eight years ago to generate revenue from the full-block Lincoln Place project.

That will require a "blight" study by city planners to demonstrate the area meets requirements established by state law for the creation of a URA.

"The URA law was specifically designed for just this kind of project," Mayor Cecil Gutierrez said Monday.
Under the URA, a portion of taxes generated by the added value of a project are returned to the developer as an incentive for building -- a so-called tax increment financing tool.

The URA contributions to the developers of Lincoln Place, amounting to about $150,000 annually, expire in two years and could then be directed to Brinkman in time for the project's opening in spring 2013.
Councilors in June asked the planning staff to provide specifics on the proposed URA change for the $12 million Brinkman project that would take shape on the quarter-block occupied by the former Home State Bank branch.

"I saw pretty good support for this at that time," Gutierrez said. "It looks to most of us that it's a project that will move things forward downtown."

Downtown planners also want to add the Leslie the Cleaner to an assemblage of city-owned real estate on Third Street, opening doors for redevelopment of the decaying downtown neighborhood.

"A site like that, if it's not cleaned up, will really put a drag on downtown," senior planner Mike Scholl said.
Costs of purchase, cleanup and demolition of the site will total $555,800, but a $313,000 grant from the Colorado Department of Health and Environment will account for more than half that amount.

"The dry cleaner is really the final piece of the Third Street project that we're looking at," Scholl said. "The $313,000 in grant funds is a huge bonus for us."

Posted by Loveland Commercial

Congratulations to Jessica Lauren Photography

2011-08-12T11:53:00.000-07:00

Congratulations to Jessica Moore of Jessica Lauren Photography for leasing 980 SF or prime retail space within The Harmony Center in Fort Collins. The Property, located at 115 E Harmony Road, is at the high traffic intersection of College Avenue & Harmony Road. The deal was brokered by Nathan Klein of Loveland Commercial, LLC.

Agilent site developers want more time

2011-08-01T07:33:00.001-07:00

By Tom Hacker
Reporter-Herald

Developers of the ACE technology manufacturing park on Tuesday told city officials they need more time to consummate a deal on the Agilent Technologies Inc. campus that would house it.
And, they said the transaction would depend on the city's "long-term role" in financing the redevelopment of the site.
The request came near the end of a two-hour meeting that brought the city's negotiating team together with representatives from Minneapolis-based developer United Properties and the Colorado Association for Manufacturing and Technology, the agency partnered with NASA on the project.
City Manager Bill Cahill told city councilors that the development partners had asked that an agreement that was set to expire on Aug. 20 be extended to Oct. 1.
"They told us the project has turned out to be more complex than they had originally expected," Cahill said.
The development team last week failed to meet a deadline for a letter of intent spelling out the terms of their purchase offer for the four buildings, totaling 812,000 square feet, and 130 acres of land at Agilent.
But they submitted a four-paragraph letter on Tuesday that announced their intent to buy it.
"We will submit a formal proposal with more detailed terms by Oct. 1, 2011," said the letter signed by United Properties president Frank Dutke.
The letter also says that the deal is "conditioned upon a clarification of the City of Loveland's long-term role in the park and the extent of its financial support for the proposed redevelopment."
The city's obligation to pay operating expenses of the Agilent campus, estimated at about $90,000 monthly, made the request for an extension hard for councilor Hugh McKean to swallow.
"There haven't been any deadlines met at any time in this process by CAMT," McKean said. "You can miss deadlines, but when we`re writing checks for the extra time you need, I have a problem."
Cahill said city negotiators urged the development team "to strive to produce as much as they can by the original date."
The Aerospace Clean Energy Manufacturing and Innovation Park proposes to accommodate as many as 100 companies employing up to 7,000 people working on manufacturing projects based on patents controlled by NASA and the Golden-based National Renewable Energy Laboratory.

Recent Industrial Closing by Loveland Commercial, LLC

2011-07-25T12:46:00.000-07:00

Congratulations to Steve and Karen Koch of Rocky Plains Quality Meats for their purchase of two industrial condos at 2319-2323 W. 8th Street in Loveland. The two condos, part of the Wilson Business Complex, were sold by Home State Bank. The two units comprised approximately 2400 s.f. of main floor space with mezzanine office space. The deal was brokered by Nathan Klein of Loveland Commercial, LLC.

Also, Nathan Klein recently closed on two industrial condos located at 3940 Carson Avenue in Greeley/Evans, Colorado with Schneider Holdings Company, LLC. The two 1425+ s.f. condos were sold by Advantage Bank.

For more information or to discuss Loveland Commercial's marketing and brokerage services, please contact us at (970) 667-7000 or visit our website at http://www.lovelandcommercial.com/

Construction to begin soon on Windsor interchange | Northern Colorado Business Report

2011-07-18T15:39:00.000-07:00

Good news for Highway 392 & I-25 Interchange and the property owners surrounding it!

Construction to begin soon on Windsor interchange Northern Colorado Business Report

Commercial Real Estate Market Continues to Recover

2011-07-12T09:32:00.000-07:00

CoStar, a leader in commercial real estate news and information, published an article stating positive absorption in the market. Loveland Commercial can also confirm that activity is picking up in our local market. For information on market conditions, or property information, contact Loveland Commercial at 970-667-700 or www.lovelandcommercial.com

The CRE Recovery Continues

Second Quarter Fundamentals Strengthen Moderately

By Mark Heschmeyer

July 6, 2011

Commercial real estate (CRE) fundamentals continued to strengthen in the second quarter of 2011, albeit at a much more moderate pace than the end of last year. The temperate recovery is consistent with global economic trends, which softened in the first half of the year in the face of the Japanese earthquake and the oil-price shock.

While the economy continues to face challenges - including a struggling housing market, anemic job growth, and federal and state fiscal pressures - economic growth is expected to pick up in the second half of the year as energy prices ease and global supply chains are restored. As the economy gathers momentum, the CRE recovery should also accelerate, according to Kevin White, a real estate strategist with CoStar.

Office Market Rebounds

Based on initial quarterly findings, office fundamentals continued to improve during the second quarter. Although demand was not as robust as previous quarters, the fact that supply additions hit a 10-year low helped to support the eight-basis-point decline in vacancy.

As was the case during the first quarter, preliminary second quarter absorption came in short of expectations, as continued macroeconomic uncertainty caused enough uneasiness among business owners for them to delay leasing decisions.

"The office market posted its fifth consecutive quarter of positive net absorption while speculative space under construction reached more than 9.8 million square feet," noted Chris Macke, senior real estate strategist for CoStar Group, in analyzing preliminary numbers. "Second quarter net absorption increased to more than 12 million square feet, a more than 39% increase from the previous quarter's net absorption of 8.7 million square feet."

"However, this level remains down from the robust fourth quarter net absorption rate of more than 24.8 million square feet," Macke said.

CoStar economists will broadcast full second quarter property reports later this month on www.costar.com.

CoStar utilizes a census methodology basing its national results on changes to the entire population of office buildings as opposed to the commonly used practice of sampling, which generates estimates of national results based on results for a portion of the larger markets. CoStar's national population of office buildings upon which its results are based includes more than 10 billion square feet of office properties and believes its research methodology presents the most complete picture of property market conditions across the country.

"We remain confident that strong absorption (at par with 2005 levels) awaits in the not-too-distant future," said Adrian Ponsen, a real estate economist with CoStar. "The most recent job numbers show financial activities employment bottoming out, and professional and business services (60% of office-using employment) growing faster than it did on average during 2005-'07. Combined with today's relatively cheap rents, this foreshadows rapid acceleration in office demand growth."

"Macroeconomic concerns (particularly surrounding the U.S. debt limit) may very well continue to weigh on business owner psychology and leasing during the third quarter. But most conditions necessary for an absorption recovery have already fallen into place," Ponsen said.

Retail: 8 Quarters of Positive Absorption

The recovery continues to push forward, but retailers have throttled back their rate of expansion. Net absorption has slowed to its lowest level since the first quarter of 2010, but weak supply growth has kept vacancies moving in the right direction, according to CoStar economist Ryan McCullough.

"The retail real estate market has now experienced eight quarters of positive net absorption, longer than the office or industrial markets, which have each experienced five consecutive quarters of positive net absorption," Macke said.

"Second quarter net absorption increased to 11.1 million square feet, 700,000 square feet, more than the previous quarter's net absorption of 10.4 million square feet," Macke said. "This however remains well below the robust fourth quarter net absorption rate of more than 26.5 million square feet."

The two-year average net absorption rate is 12.4 million square feet, he noted

"This slowdown should be no more than a temporary slump; an economic uptick in the second half of the year should be enough to stimulate retail sales and encourage retailers to become more aggressive with expansion plans. The construction pipeline is at its lowest level in many years and poses no immediate threat to fundamentals. Expect to see vacancy compression accelerate over the next several quarters," McCullough noted.

Industrial Market Held Back Slightly

The warehouse market continued to gradually improve in the second quarter. As modest demand growth met deliveries that are probably at a low for the cycle, vacancies continued to come in for the fifth consecutive quarter, said CoStar economist Shaw Lupton.

While most industrial indicators have improved markedly in the past year, housing starts remain oppressively low, and the economic events that took a bite out of growth in the first half of the year could continue to hold demand back in the near term, Lupton noted.

"Ultimately, economic expansion will result in a quickening of warehouse absorption. Deliveries are expected to inch up in the near term but should remain low relative to history until warehouse rents grow significantly next year, providing developers with the green light to build," Lupton said.

Two more Colorado banks are shut down, 5 total for the year

2011-07-08T15:16:00.000-07:00

We expect to see more residential land and other small commercial assets enter the market next year as Signature Bank was taken over by the FDIC. The new bank Points West Community Bank, will likely acquire a number of the troubled and non-performing assets at a lower value than was being carried on Signature Bank's books increasing the probably that values will be closer to market. As five banks have been taken over by the FDIC, we expect banks will continue to feel pressure to sell their commercial assets to get their non-performing asset ratios below 2% of total assets. For information on distressed real estate opporunities in Northern Colorado contact Loveland Commercial at 970-667-7000 or www.lovelandcommercial.com.

Banks Shut in Illinois and Colorado
By The Associated Press

WASHINGTON (AP) — Regulators shut a bank in Illinois and two in Colorado on Friday, raising to 51 the number of bank failures this year.

The Federal Deposit Insurance Corporation seized First Chicago Bank and Trust in Chicago, Colorado Capital Bank in Castle Rock, Colo., and Signature Bank in Windsor, Colo.

Northbrook Bank and Trust, based in Northbrook, Ill., agreed to assume the deposits and most of the assets of First Chicago, which had about $959.3 million in assets and $887.5 million in deposits.

First Citizens Bank and Trust, based in Raleigh, N.C., assumed all the deposits and essentially all the assets of Colorado Capital, which had $717.5 million in assets and $672.8 million in deposits.

Points West Community Bank, based in Julesburg, Colo., agreed to assume Signature Bank’s $64.5 million in deposits and essentially all of its $66.7 million in assets.

Four banks have failed in Colorado this year. First Chicago is the fifth lender to collapse this year in Illinois.
In 2010, regulators seized 157 banks.

CSU offers full tuition to veterans and kids

2011-06-29T07:59:00.000-07:00

Loveland Commercial is excited to see the community supporting and attracting veterans to Northern Colorado. Fort Collins rental housing market is already experiencing low levels of vacancy and should continue to see increased demand for housing from the extra stimulus provided by the new program offered to veterans.

CSU offers full tuition to veterans and kids

By NCBR staff

FORT COLLINS - Colorado State University, partnering with the U.S. Department of Veterans Affairs' Yellow Ribbon GI Education Enhancement Program, is offering free tuition as well as housing and book stipends to military veterans and their children beginning with this fall semester.

CSU is paying 100 percent of veteran undergraduate resident and veteran non-resident undergraduate tuition (a savings of about $6,300 for resident undergrads and $22,000 for non-resident undergrads).

The program also pays all fees (about $620) and provides about $4,300 per semester in housing allowance and $1,000 per year for books.

"Our community, state and nation owe all those who have served in the military a great deal of gratitude and appreciation," said CSU President Tony Frank.

The CSU Yellow Ribbon initiative is a provision of the Post 9-11 GI Bill, which pays public, in-state tuition for veterans or their designated transferees. It is part of the university's commitment to be a top national veteran-friendly campus, Frank added.

Loveland Commercial Successfully Subleases Fort Collins Space

2011-06-24T14:04:00.000-07:00

Nathan Klein of Loveland Commercial, LLC recently closed a sublease transaction at 4803 Innovation Drive, Ste. 2 in Fort Collins. The space was a 2040 s.f. surplus space no longer used by the prior tenant and Nathan was able to secure two offers on the property before the landlord decided on Real World Enterprises, Inc. to take over the space. Real World Enterprises will offer in home pharmaceutical sales to the Fort Collins market. A special thanks to Travis Ackerman at Sperry Van Ness for his assistance in the transaction.

For all your commercial real estate needs, please contact Nathan Klein at (970) 667-7000 x109 or email him at nklein@lovelandcommercial.com

Loveland ready to close on ACE land deal

2011-06-22T07:28:00.000-07:00

By Tom Hacker, 2011 Loveland Reporter-Herald

Having sealed the deal with Agilent Technologies Inc. to buy its Loveland campus, city officials are moving quickly to turn it over to the developers of the ACE technology manufacturing park. City councilors voted unanimously Tuesday night to authorize City Manager Bill Cahill to close on the $5.5 million purchase on Thursday and, in a separate 9-0 vote, agreed to a letter of agreement with backers of the Aerospace Clean Energy Manufacturing and Innovation Park (ACE).

The development partners, the Colorado Association for Manufacturing and Technology (CAMT) and Minneapolis-based United Properties, are already bringing prospective tenants to the Agilent campus where they hope as many as 7,000 people might be employed. The park would be populated by up to 100 manufacturing companies, engaged in projects to turn technology patents controlled by NASA and the Golden-based National Renewable Energy Laboratory into marketable products.

Its going very well, United Properties vice president Kevin Kelley said in an interview prior to Tuesdays meeting. We've had good conversations with tenants, most of whom are busting at the seams to get in there.
The agreement that councilors inked with the ACE partnership is for a 60-day exclusive right to negotiate the purchase of the Agilent campus four buildings, totaling 812,000 square feet, and 176 acres of buildable land for $4 million.

The deal with Agilent that closes this week gives the city 129 acres of land and water rights, together worth about $1.7 million. Kelley said he and other United Properties executives, and senior CAMT staff members, were planning a visit to the NASA Ames Research Center in Mountain View, Calif., to get a firsthand look at how a similar, but more fully developed, project operates.We want to see how that works, Kelley said.

NASA Ames director Michael Marlaire, who has visited the Agilent campus, has said he will consult on the ACE centers development. United Properties Vice President Fred Baker, who with Kelley runs the companys Denver office, said Friday he had met with five prospective tenants. Every one of them has been really interested in the ACE concept, he said. We are very pleased. Its great to have interest from people who really subscribe to the vision.

Kelley told councilors that an unnamed international manufacturer, with a presence in the Denver area, would visit the Loveland site on Friday, and that Colorado Lt. Gov. Joe Garcia would also make the trip. We're talking about companies that are going to emerge on the cutting edge of new technology, Kelley said. Its a little like pioneering.

Earlier on Tuesday night, councilors put an overflow crowd of parents and their children through another two hours of suspense before removing the last roadblock to Loveland Classical Schools, the citys newest charter venture. An 8-1 vote to amend an annexation agreement followed another painstaking examination of traffic and engineering issues on Southwest 14th Street.

Tom Hacker can be reached at 669-5050, ext. 521, or thacker@reporter-herald.com.
Publish Date: 6/22/2011

Loveland Commercial, LLC is a full service commercial real estate brokerage & development company located across the street from the campus. Please contact us for information on surrounding commercial real estate opportunities. (970) 667-7000 or www.lovelandcommercial.com

Widespread Electrical Sales - Loveland Commercial, LLC

2011-06-13T13:07:00.000-07:00

Congratulations to Scott Vaughn and Widespread Electrical Sales on his purchase of a new 5,763 s.f. industrial condo at 11925 I-70 Frontage Road in Wheat Ridge. In a deal brokered by Nathan Klein of Loveland Commercial, LLC, this condo will give WideSpread the opportunity to expand its warehouse to support the rapid growth of the young company. "It's so much fun to work with guys like Scott and his company who have a clear vision of where they are going and do what they need to do to achieve it and who do not let the economic climate hold them back," said Nathan Klein of the deal. Loveland Commercial, LLC represented the Buyer in this transaction.

For more information on WideSpread Electrical Sales please visit their website at http://www.widespreadsales.com/. For more information on Loveland Commercial, LLC or our Tenant Representation services, please contact Nathan Klein at (970) 667-7000 x109 or email to nklein@lovelandcommercial.com

Video of King Soopers Grand Opening

2011-06-10T10:26:00.000-07:00

King Sooper's Grand Opening was a success! See photos and videos below. For questions on leasing, see this brochure or contact Nathan Klein - 970-222-2473 nklein@lovelandcommercial.com

CAMT - NASA Announce Developer for ACE Technology Park in Loveland, CO

2011-06-09T11:24:00.000-07:00

Loveland Commercial is excited to share the news that a developer has been selected for the former Agilent facility known as the Aerospace Clean Energy & Manufacturing Park in Loveland, CO.

Announcement set for ACE park developer

By NCBR staff

LOVELAND - A special Loveland City Council meeting will be held at 4 p.m. to reveal details of a partnership between the Colorado Association for Manufacturing and Technology and a Minnesota real estate and investment company to develop the ACE high-tech park in Loveland.

United Properties of Minneapolis will partner in developing the Aerospace Clean Energy Manufacturing and Innovation Park on the former Agilent Technologies campus in southwest Loveland.

Betsey Hale, Loveland's business development manager, said the choice of United Properties was the right one. "CAMT worked very hard to select United, and I think United shares their vision and has done properties similar to this in Minnesota," she said. "I think CAMT did a diligent job in selecting the right development partner."

United Properties is a family-owned company founded in 1916 to manage real estate holdings of Hamms Brewing Co. Hale said the company's owner, Carl Pohland, is a "hugely successful entrepreneur" who also at one time owned the Minnesota Twins baseball team.

Hale said the company has a Denver office and a strong Colorado presence with projects built across the state, including the Coors Tech Center in Golden and the Mountain West Business Park now under construction in Littleton.

"Their presence in Colorado is really significant and they have a significant amount of investment in Denver and Colorado Springs," she said.

Hale also noted that the Pohland Foundation is a strong supporter and investor in the arts. "The fit with our (artistic) creatives in Loveland is a great one," she said. "They're also really big in community giving, with lots of scholarship programs."

The 4 p.m. meeting in Loveland City Hall's council chamber is open to the public and is expected to include a number of dignitaries, including state and county elected officials and representatives of U.S. Senator Mark Udall and U.S. Congressman Cory Gardner's offices.

It's expected that up to 100 manufacturers will occupy the ACE campus, commercializing patents for new technologies held by NASA and the National Renewable Energy Laboratory in Golden.

The 360-acre Loveland Agilent site was selected for the ACE park location after an exhaustive three-month statewide search.

End of Article.

As one of the proposed developers of the project we are very familiar with the project and excited about the impact it will have on future employment and the economy in Loveland, Colorado. Below is an article by the Northern Colorado Business Report. Should you have an interest in positioning your business or real estate assets to take advantage of this opportunity, please contact Nathan Klein at Loveland Commercial (970) 667-7000 x 106, nklein@lovelandcommercial.com or visit Loveland Commercial's website.

New Lease signed for Downtown Loveland Building!

2011-06-06T09:08:00.000-07:00

Nathan Klein of Loveland Commercial, LLC has signed a new lease at 116 W. 4th Street in Downtown Loveland with Eastlands Antique Furniture & Restoration. This marks the third new lease this year in the 80+ year old building located at the southeast corner of 4th Street & Garfield Ave. as Garment Gal and Rocky Mountain Cyclery have signed leases in the building earlier this year. One 4,500 s.f. space that would be great for retail, warehouse, showroom space or many other uses remains in the building. For more information on leasing this last remaining unique space on 4th Street, please contact Nathan Klein at (970) 667-7000 x109 or email to nklein@lovelandcommercial.com.

Congrats to Garment Gal - New Tenant in Loveland Commercial Property!

2011-05-31T16:12:00.000-07:00

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.

New King Soopers Prototype to Open June 1st at North College Marketplace

2011-05-31T13:07:00.000-07:00

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