Briefs: Distribution/biz center names new VP+

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For those who follow real estate activity to the north, this information may be interesting.

Schuck Update
Dennis Champine has been named vice president of TransPort, the 6,300 acre transportation/distribution/business center in Aurora (contiguous to the Front Range Airport in Adams County), under development by Colorado Springs’ own Schuck Corporation. Champine served two four-year terms as Mayor of Aurora between 1979 and 1987 – a period during which Aurora grew from 65 square miles to 115 square miles, and its population grew from 125,000 to 235,000. It’s interesting to hear how Schuck’s management team is utilizing local political and industry talent. Champine was regional manager of Marcus and Millichap, Inc., a major Denver real estate investment firm, from 1986-1994. He also owned his own commercial real estate company – and owned/operated the Colorado Rangers professional hockey team. Bill Schuck says that Champine is “an expert in the creation of public/private partnerships and the development of joint city and county agreements.” Maybe this fellow ought to be cloned!

Cyberrealtors: The Next Frontier
Harry Salzman called the other day and provided information on a fascinating cyber convention that he recently attended from his Colorado Springs office. More than 20,000 people participated and took advantage of interactive presentations, an exhibit hall (featuring all the bells & whistles, giveaways and promotional excitement of a typical trade show), a “fun night” with entertainment, and most importantly, networking. According to Salzman who was recently elected chairman of the National Relocation Section of the Real Estate Cyberspace Society, the event received 93 percent approval ratings. By the way, for those interested, the Real Estate Cyberspace Society was formed in 1996 and has over 4,000 members in 26 countries and in 100 U.S. and international chapters. The Society provides real estate professionals with the latest up to the minute real estate Cyberspace tools and services. Their website address is www.REcyber.com. Salzman can be reached at hsalzman@rmi.net for more information.

Transaction Report

Spring has brought a burst of commercial real estate activity – a nice change from first quarter 2002’s sluggish start.
The Equity Group Weighs In
Danny Mientka has been a busy guy. He reports that D-W Flooring, Inc., the exclusive flooring material installation company for all Colorado Home Depot stores, has recently executed a new lease for their 4,200 square foot installation/distribution facility at 1093 Ford Street in Cimarron Hills. Mientka facilitated both the transaction by representing the owner, Colorado Springs Equities, LLC, and the tenant in negotiations for a new three year lease. He also handled both sides of another recent transaction. Following the purchase of 2685 Durango Drive by Van Horn Properties, LLC, a portion of the building has been leased to New Image Rent to Own, a Colorado Springs-based furniture leasing business for bulk storage and warehousing. The tenant signed a three year lease for 5,720 square feet within the 11,000 square foot office/warehouse property.

Hoff & Leigh Sees Busy April
Bob Hoff of Hoff & Leigh represented the seller, Marlene DeWitt and Charlie Madson of Hoff & Leigh represented the buyer, Phil Boatright who purchased a 5337 sq. ft. retail building at 3930 Galley Road. Sale price was $375,000.
Tim Leigh also reports several transactions this month. He also represented the landlord, Blakely Investments, on the retail lease of 3000 square feet to Labor Ready Central, Inc., represented by Chuck Armstrong of Hoff & Leigh. He also represented owner, Marv Parliament, on the lease of 1,000 square feet of industrial space at 2007 East LaSalle and Dick Liccardi of Hoff & Leigh represented the tenant, Ken Davis.
Leigh also handled both sides of the following transactions: Lady Bug Quilts leased retail space from LoPresti Properties at 618 N. Tejon; Let’s Go Aero leased 1650 sq. ft. of industrial space at 3116 Century Street from JoAnn Spelman; Stanley Hrbac leased 3200 sq. ft. of industrial space at 474 North Santa Fe in Fountain from McGuire Real Estate; and Doctor’s Supply, Inc. renewed the lease for the 2400 sq. ft. industrial space at 3470 Chelton Loop North, Units C & D, from NS Properties.
Dick Liccardi was busy this month as well. He represented the owner, Terry Brookman, on the lease of 4,320 square feet of industrial space to A Advantage Transmission at 3170 North Stone Avenue. Gil Price of Kent Properties represented the tenant. Liccardi also represented the owner, the Liccardi Family Partnership, in leasing 4,375 square feet of industrial space at 3415 Van Teylingen. Charlie Madson represented the tenant, D & C Extreme Industries.
In other deals, Charlie Madson represented the owner or tenant on five additional transactions in April. Among those, he represented the tenant, Palm VID Video Cameras, on the lease of 2,349 square feet of retail space at 410 East Fillmore from Coolidge Redstone Equities, LLC. Chuck Armstrong of Hoff & Leigh represented the owner. In a second deal, New England Financial leased 375 sq ft of office space at 502 Security Boulevard, Suite 206 from UMB Bank Colorado. Donna Gough of the Case Company represented the tenant while Madson and Dana Stanecek of Hoff & Leigh represented the owner. Activation One leased 1437 sq ft of office space at 3105 North Hancock Avenue from Central Colorado Management. Dave Ankeney of Metro represented the owner and Madson represented the tenant. Madson also assisted tenant, Diamond Texturing, in leasing 1,750 square feet of industrial space at 3340 Adobe Court and represented the owner, EW Investments, LLC. on the lease of 2,400 square feet of office space at 1826 East Platte Avenue, Suite 101 to First Allegiance Mortgage Corporation. Bob Telmosse handled the tenant’s side of the transaction.
In other Hoff & Leigh news, Curtis and Cynthia Haigler purchased the 13,328 sq ft retail and 2613 sq ft warehouse properties at 408-412 South Nevada from Devona Murray according to listing brokers, Mike McDowell and Bill Becker of Hoff & Leigh. Selling price was $550,000. Ted Link of Fidelity Real Estate represented the Haiglers – and says that financing was provided by the Money Store.
Sara Welborn leased 175 sq ft of office space at 118 North Tejon Street, Suite 206 from Warren Dean. Bill Perry of Hoff & Leigh facilitated the transaction. In another transaction, Peak Vista Technology, LLC leased the 4591 sq ft office space at 5575 Tech Center Drive from Metropolitan Life Insurance Company. Greg Phaneuf of Palmer McAllister represented the owner and Perry represented the tenant. Perry also facilitated both sides of a lease for Front Range Real Estate Consultants, Inc. The company leased 800 sq ft of office space at 6208 Lehman Drive, Suites 311-312 from Go Real Estate Action Team.
Click Photography leased 268 sq ft of office space at 620 North Tejon Street from LoPresti Properties. Terry Vice of Hoff & Leigh represented the Owner and Chuck Armstrong of Hoff & Leigh represented the Tenant. Vice also represented the tenant in another lease. Isabelle and Richard Allen leased 517 sq ft of retail space from Old Colorado Square Ltd. Julie Strodtman of Fountain Colony represented the owner.
Shepherd of the Springs Lutheran Church leased 6200 sq ft of office space at 8595 Explorer Drive from Christian Missionary Alliance Church. Stan Kensinger of the Olive Group represented the Owner and Tom Gallagher of Hoff & Leigh represented the Tenant.

Grubb & Ellis Broker Close Sales, Lease
Cameron Mogadam represented both the owner, Janitell Enterprises, and the tenant, Frances Eng, in the sale of a 5,373 square foot retail facility at 319 N. Chelton Road. Selling price for the building was $492,500. The long-time Grubb & Ellis broker also represented the owner, Saks Building Ltd. Liability Company on the lease of 2,544 square feet
of retail space to Johannes Hunter Jewelers.
A new Tastee Freez is scheduled at 4935 Austin Bluffs Parkway, according to Andrew Oyler of Grubb & Ellis, who represented the seller, First Union, in the transaction. Selling price for the existing 2,300 square foot building was $510,000.
FIDELITY REAL ESTATE
In addition to the industrial lease mentioned earlier for Curtis and Cynthia Haigler, Ted Link also facilitated the lease of medical space between tenant, Richard Harbison, M.D. and the landlord, Janet and John Lewis of J.L. Lewis Enterprises. According to Link, Dr. Harbison will open a bariatric clinic in conjunction with the Lewis’ physical therapy practice.
Link also represented the landlord, Center City Developers, on a 979 sq ft lease with Mortgage Solutions of America. The tenant was represented by Tom Miller of Freedom Real Estate.