Texas-based company leases Nevada Avenue space

Filed under: real estate column |

Greg Chumchal is supervising the opening of the new Ranch Hand facility.

Ranch Hand Truck Accessories, an aftermarket wholesale and retail supplier, is opening a 12,000-square-foot showroom and distribution center at 4315 N. Nevada Ave.
The Shiner, Texas-based firm expects to hire half a dozen employees for its Colorado Springs operation, said Greg Chumchal, general manager.
About 9,000 square feet will be dedicated to warehouse-distribution.
“We snapped up this site because of its easy access to I-25 — and because of the nature of the surrounding businesses,” Chumchal said, noting that the University Village Costco and Lowe’s stores were a plus.
The company runs two manufacturing facilities in Shiner and Beeville and plans to use its Colorado location not only as a retail center, but as a distribution center for the Front Range and the Western Slope.
It also operates factory outlet stores in San Antonio, Boerne, Houston, Irving and Oklahoma City.
Gary Hollenbeck of Palmer McAllister- Frederick Ross represented the tenant and John Rodgers of Peak Commercial Real Estate represented the landlord, Nevada Properties LLC.

Stranger than fiction?

The Briarhurst Manor, listed for $7 million earlier this year by Tammila Wright of Keller Williams Commercial, hasn’t yet attracted a purchaser, but it is definitely tapping into an “otherworldly” market.
On Oct. 13-15, representatives of the Sci Fi network’s production staff will visit the turn-of-the-century, 14,000-square-foot property to shoot video depicting its colorful — and perhaps ghostly — past.
The program is scheduled for broadcast this Halloween.
The Briarhurst’s reputation as ghost-inhabited came about thanks to the lore and legend surrounding former owners and Manitou Springs’ residents Dr. William A. Bell and Vida Ellison who, along with her husband Robert, at one time owned the Manitou Cliff Dwellings and Museum.
Wright’s stepfather was the property’s caretaker during the 1950s and 1960s. She said he told her spirits had resided in the stately structure for many years.
“Vida was rumored to have buried artifacts and mummies she recovered from Mesa Verde in the yard because she didn’t want them exploited by museums,” said Wright’s husband Erick, adding that Ellison had a special vault made to store them. “I’m actually writing a book about her and some of the odd occurrences that took place while my family was there — things moving or touching you, odd noises and such.”
The Wrights admit that such legend will not hurt — and will likely help — buyer interest in the property.
“The ghost hunting business has resulted in the Stanley Hotel (in Estes Park) being packed most of the year. Their business has tripled because of the Ghost Hunters Show,” said Bill Ward, a resident historian.
Will it have the same effect on the Briarhurst? “I guess we’ll see,” Wright said.

Call for ‘Best Transactions’

The Colorado Springs chapter of the Realty Commercial and Industrial Society is sponsoring its fourth annual RCIS Transactions of the Year awards.
Primary judging criteria include broker ingenuity and creativity, transaction complexity, client satisfaction and cooperation with another broker, if applicable.
Three categories, including industrial, office and retail deals, will be considered for the period between Oct. 1, 2007, and Sept. 30, 2008.
Submissions must be made by Oct. 31 to mike@bachpartners.com or sent to Bach Real Estate Partners, 2 N. Nevada Ave., Suite 1020, Colorado Springs, CO 80903.

Office building sells

A 4,000-square-foot office building at 1265 Lake Plaza Drive has been purchased by Freedom Colorado LLC for $687,500.
The seller, Amjuni LLC, and the buyer were represented by Tim Leigh and R.D. Trinidad.
Becky Hurley covers real estate for the Colorado Springs Business Journal.