NoCo Newsletter | August 28, 2025

Photo: NAI Affinity Featured Listing | Greeley | Pad Sites at NWC of 10th Street and 77th Avenue

NoCo Newsletter | Keeping You Informed on Northern Colorado’s Commercial Real Estate Market | August 28, 2025

Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of transacting properties, thriving retailers, big municipal decisions, and more.

REAL ESTATE & BUSINESS NEWS

• Manufacturer Plans Move to New 48,000-Square-Foot HQ in Wellington
  • BizWest | “Kaufman & Robinson Inc., a Fort Collins-born company that makes broad-beam products used in a number of manufacturing processes from eyeglasses to semiconductors to smart phones, is building a new 48,000-square-foot facility in Wellington that will serve as its new headquarters. The two-story HQ is planned for 4102 Glow Ave., a site of about 5.5 acres… (and) will help the company grow, KRI CEO Richard Serrano said in a press statement. It will be about double the size of the company’s current home at 1330 Blue Spruce Drive in Fort Collins and is expected to be built in 12 to 18 months. The new building is expected to house the company’s research and development, production and testing, quality control and administration teams.”
• Ruling Due by Sunday on Fate of Greeley Petition Drive
  • BizWest | “A hearing officer will decide no later than this weekend whether Greeley residents will get to vote in November on a citizen-initiated ballot issue that could derail the city’s financing plan for a $1.1 billion entertainment district on the city’s western edge. Attorneys for the petition organizers and the four Greeley residents who filed a protest hoping to foil their plans stated their cases Tuesday morning before municipal election specialist Karen Goldman as more than two dozen people looked on during a 1-hour, 35-minute hearing in the Greeley Municipal Court building.”
• Promenade Shops at Centerra Sells for $55M
  • BizWest | “Galway Cos., an investment company with retail, hospitality and multifamily assets throughout southern Wisconsin, has paid $55 million to acquire The Promenade Shops at Centerra in Loveland…. Acquisition of the 20-year-old, 493,000-square-foot open-air shopping center in east Loveland, a property with a history of retail success amid foreclosures and lawsuits, marks Galway’s first investment in Colorado….The company has hosted events—live music and farmers markets, for example—at its properties in Wisconsin, de la Rosa said, and hopes community gatherings will similarly energize the Loveland shopping center.”
• Centerspace Buys Railway Flats for $132M
  • CREJ | “A 420-unit garden-style multifamily community near Centerra sold for $132.2 million, or $314,761 per unit… in July. CSR Railways LLC, an entity of Centerspace, acquired Railway Flats, situated on 16.39 acres at 2105 Hopper Lane, from… an entity of McWhinney. The acquisition included the assumption of $76 million of long-term, below-market-rate mortgage debt, a statement from Centerspace said.”
• Mark IV Purchases Elevation 25 Buildings
  • CREJ | “A California based commercial real estate investment firm acquired two preleased buildings in a Class A industrial park in a $43 million all-cash transaction in June. Mark IV Capital purchased Buildings 1 and 2 of Elevation 25, located at 4480 and 4460 Elevation Drive, from Silver Point Development. Totaling 204,050 square feet, the buildings comprise the first phase of the project, which is planned to include a total of 1 million sf of industrial development.”

ECONOMIC & EMPLOYMENT NEWS

• Greeley, Windsor Agree to Mediation Regarding Future Wastewater Treatment
  • BizWest | “The Greeley City Council in April voted to authorize the city attorney’s office to bring legal action against the neighboring community of Windsor, claiming that the smaller community has ignored a 17-year-old intergovernmental agreement on infrastructure. The IGA requires Windsor to share some of its wastewater-storage capacity with Greeley, an agreement that Greeley claims has been breached. Claims center around costs of treatment and cooperation between the two communities regarding a wastewater-treatment plant that would accommodate growth in the west Greeley area.”
• Save The Poudre Won’t Try to Stop Thornton From Finishing Water Pipeline
  • Coloradoan | “Save The Poudre says it will not continue to challenge Thornton’s pipeline project. The environmental advocacy group that seeks to protect the Poudre River says it will not appeal a judge’s ruling that allowed the project to proceed. The project is set to bring water from the Poudre to Thornton via a pipeline running through Larimer, Weld and Adams counties. Thornton obtained the water rights by purchasing agricultural properties decades ago. Larimer County commissioners, and the planning commission before them, approved the pipeline permit in 2024.”
• The Biggest Retailers Are Thriving in the Tariff Economy
  • WSJ | “In the tariff economy, retailers who cater to cautious consumers are winning. Those who don’t are falling behind. Walmart (WMT +0.17%), Amazon (AMZN +1.31%), and the owner of T.J. Maxx are scooping up market share from rivals by offering shoppers good deals and convenience. In a bid to ease the burden on stressed-out consumers and undercut competitors, Walmart has kept price increases to a minimum by absorbing much of the tariff cost. “We’re keeping our prices as low as we can for as long as we can,” Walmart Chief Executive Doug McMillon said Thursday. TJX (TJX -0.20%) is seizing the moment by snapping up excess inventory that other retailers ordered ahead of tariffs—and now need to unload. Its CEO called the buying opportunities “outstanding.” Amazon made improvements to its delivery network that helped get packages to customers faster and more cheaply. That helped propel a whopping 11% increase in online-store sales in the latest quarter, Amazon executives said.”
• U.S. Economy Grew Faster in Second Quarter, New Estimate Shows
  • WSJ | “Gross domestic product expanded at a seasonally and inflation-adjusted annual rate of 3.3% in the quarter, the Commerce Department said in an updated estimate Thursday. The department had previously said the economy grew by 3%…. The latest estimate changed because of revisions to investment and consumer spending, the Department said. Investments in intellectual property, light trucks and commercial and healthcare structures were all revised upward. Revisions, while a routine part of all major economic data, have been more closely watched in recent months as economists, policymakers and investors hunt for clues to the direction of the economy.”
• Central U.S. Manufacturing Maintains Expansion, But Prices Keep Rising Too
  • WSJ | “The Federal Reserve Bank of Kansas City said Thursday that its Tenth District manufacturing survey’s composite index was steady at 1.0 this month, maintaining the same level as July, when for the first time in three years the index pointed to expansion rather than contraction in the area’s manufacturing. The composite index is an average of indexes for production, new orders, employment, supplier-delivery time and raw-materials inventories…. The manufacturing survey covers activity in the Tenth District, which includes Colorado, Oklahoma, Wyoming, Nebraska, Kansas, the northern half of New Mexico and the western third of Missouri. With activity continuing to increases, price pressures also heated up. The index showed rises in both the prices manufacturers pay for raw materials, and the prices they receive for finished goods.”

COMMUNITY & OTHER INDUSTRY NEWS

• Client Testimonials
• Larimer County’s Biggest Private Employers: Here’s Who Makes the List
• Old Town Square No. 4 in USA TODAY 10 Best Readers’ Choice Awards Best Public Squares List
• Most Peaceful Place to Live? Fort Collins Tops the List With Outdoor Recreation, Low Noise
• Here Are 15 Road Projects at the Top of Fort Collins’ List for the Next 10 Years.
• Fort Collins Area Chamber of Commerce: Northern Colorado Economic Overview
• Northern Colorado Boasts Nine of Top 20 Fastest-Growing Communities in State
• 2 Colorado Cities in Top 4 ‘Best Places to Live Rankings
• Denver International Airport Ranked No. 6 in Passenger Traffic Worldwide
• Support Your Local Bold Voice of Business by Contributing to the 13th Annual Moving Fort Collins Forward! Campaign

FEATURED LISTING

NAI Affinity is pleased to present these outstanding retail/commercial development sites for sale located at the northwest corner of 10th Street (Highway 34 Business Route) and 77th Avenue in west Greeley (“Property”). The location presents a promising opportunity and is positioned along an underserved arterial route to and from Greeley, which is experiencing tremendous growth. The Property is surrounded by an abundance of proposed and newly developed residential rooftops, and it is in close proximity to various amenities, schools, recreational facilities, services, employment, and healthcare. Additionally, the Property is conveniently located within 1/2 mile of the King Soopers grocery anchored retail center. Given these advantageous dynamics, the Property is highly suitable for a diverse range of uses including restaurants, gas station/c-stores, retail establishments, hospitality, medical facilities, daycare centers, self-storage, and more.

Click here to learn more about this flexible opportunity!

See previous newsletters here.

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