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 August 1, 1999

RE/MAX Horizons Group opens Interlocken office

BROOMFIELD — The owner of RE/MAX Horizons Group Inc. plans to open a second office here in the area of Interlocken business park.

“We think it’s a good area for a real estate office, and there isn’t one there now,” says Mark Marone, who purchased RE/MAX Horizons Group (www.remaxhorizonsgroup.com) in January 1995 after having worked at the franchise since 1981.

Marone tentatively plans to construct a new 30,000-square-foot building on land he intends to buy in Interlocken or in the area adjacent to the business park at the 96th Street Interchange with U.S. 36. An anchor tenant in the new building would be “one of the bigger banks,” he says.

Because Interlocken is within the franchise area of the Horizons Group, no other RE/MAX office can open for business in that area.

Boulder-based Fowler Real Estate/Better Homes & Gardens has announced it plans to open an office late next year in the Interlocken area — likely just east of FlatIron Crossing, a shopping mall under construction at the 96th Street Interchange.

“There is a connection between jobs and houses,” says Byron Koste, director of the Real Estate Center at the University of Colorado at Boulder, “and as the job base expands more in one area than another, that gives rise to a demand for housing. So it’s very logical for both companies to want to have a presence near the newest job center, and that’s the Interlocken area.”

Fowler, which has 290 agents, has offices in Boulder, Longmont, Greeley, Fort Collins and Nederland.

The new RE/MAX Horizons Group office would house 35 to 45 brokers; currently the Horizons Group has about 40 brokers at 6343 W. 120th Ave., Suite 100, in Broomfield. It opened about 1980.

Because developing a newly constructed office could take longer than six months, Marone may lease interim space — about 10,000 to 12,000 square feet — in Interlocken proper.

He says the franchise has been planning to expand into the Boulder-Louisville-Superior market and has been doing extensive work in relocation — a hot market in the Broomfield area because Sun Microsystems Inc. and Level 3 Communications Inc. are building corporate campuses in Interlocken that could employ as many as 7,000 people between them when complete.

Marone also is looking at opening a third office in the Denver area.

RE/MAX began in Denver 25 years ago and is now a global real estate franchise network with 50,000 sales associates in about 3,000 offices worldwide. Each RE/MAX office is independently owned and operated. RE/MAX associates keep all of their commissions in exchange for paying a management fee and office expenses, including rent.

In 1997, RE/MAX associates were involved in more than 1 million transaction sides. The audited figures represent the most ever achieved by a real estate network in a single year.

BROOMFIELD — The owner of RE/MAX Horizons Group Inc. plans to open a second office here in the area of Interlocken business park.

“We think it’s a good area for a real estate office, and there isn’t one there now,” says Mark Marone, who purchased RE/MAX Horizons Group (www.remaxhorizonsgroup.com) in January 1995 after having worked at the franchise since 1981.

Marone tentatively plans to construct a new 30,000-square-foot building on land he intends to buy in Interlocken or in the area adjacent to the business park at the 96th Street Interchange with…

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