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 July 1, 1999

Boulder developers giving facelift to Fort Collins offices

FORT COLLINS — It’s not often that federal government action opens up space for a dozen or more small businesses.

But that’s what is happening at the intersection of Mulberry Street and Interstate 25 in Fort Collins, as the U.S. Department of Agriculture and the U.S. Forest Service prepare to pack up and move from the 100,000-square-foot building the agencies occupy just west of American Furniture Warehouse.

Broomfield-based Colorado and Santa Fe Land Co. sold the building for $2 million in mid-May to Boulder-based Lifestyle Enterprises Inc. That firm has hired Denver architect Michael Johnson to draft facelift plans that will give the sprawling, but unassuming, 27-year-old building more of a presence.

Realtec Commercial Real Estate Services Inc. has listed 20,000 square feet available now, and another 80,000 in the offing as the feds head for the new Natural Resources Research Center under construction on Colorado State University property just south of the University Park Holiday Inn on Prospect Street.

Realtec is looking for a mix of commercial tenants, from offices to light manufacturers, who will occupy chunks of the low, flat building. “There aren’t a lot of 100,000-square-foot tenants walking around in Northern Colorado,´ said Realtec leasing specialist Tricia Diehl. “We’ll be looking for a mix of people who are seeking smaller spaces.”

“We want to bring it into the ’90s, and make it look more contemporary,´ said Lifestyle Co-Owner Chris Owens. Owens and partner David Edwards plan to spend from $500,000 to $1 million refurbishing the building and getting it ready for multiple tenants.

“Part of it will have to be gutted,” Owens said. “We’re not going to spend a lot until we have some clearer direction on who will be there and what they will need.”

Ideally, Owens said he hopes for five or six light-manufacturing tenants to occupy the building, but is prepared to settle for smaller spaces and more leases.

“We could end up with as many as 10 to 20,” Owens said. “We really won’t know until we get to market.”

Lifestyle develops real estate in Boulder and Douglas counties and is a homebuilder in Louisville and Broomfield, Owens said. The Fort Collins purchase is the firm’s first excursion into the northern Front Range market.

FORT COLLINS — It’s not often that federal government action opens up space for a dozen or more small businesses.

But that’s what is happening at the intersection of Mulberry Street and Interstate 25 in Fort Collins, as the U.S. Department of Agriculture and the U.S. Forest Service prepare to pack up and move from the 100,000-square-foot building the agencies occupy just west of American Furniture Warehouse.

Broomfield-based Colorado and Santa Fe Land Co. sold the building for $2 million in mid-May to Boulder-based Lifestyle Enterprises Inc. That firm has hired Denver…

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