Colorado-Real-Estate-Journal_398115

Page 16 - May 1-14, 2024 www.crej.com Mixed-use by Avalon Jacka THORNTON –Apair of nation- al real estate firms have partnered to develop a 23-acre mixed-use project on the northeast corner of the intersection of Quebec Street and East 136th Avenue. Indianapolis-based developer TM Crowley & Associates and Atlanta-based NLG Capital Man- agement, a division of The Net Lease Group, are developing The Highlands at Thornton, which will comprise more than 101,925 square feet of retail, commercial and medical office space. “We are thrilled to work along- side NLG Capital Management in bringing this new develop- ment to Thornton, Colorado,” said TM Crowley Chief Develop- ment Officer A.J. Barbato. “We strongly believe the amenities and recognizable tenants that will occupy The Highlands at Thorn- ton will not only be a great addi- tion to Denver’s northern sub- urbs but support future growth in the coming years.” The Highlands at Thornton is situated directly opposite a newly opened King Soopers-anchored shopping center and Lee’s Farm, a proposed neighborhood of 250 single-family homes. The proj- ect’s prime location and proximi- ty to the completed and proposed developments will establish a “convenient and well-merchan- dised corridor” for residents and visitors, according to a statement from The Net Lease Group. General contractor Brinkman broke ground on The Highlands at Thornton in fourth-quarter 2023. The project will be delivered in phases, with the first phase expected to be delivered in fall. The ground-up development has already received strong inter- est from local and national retail- ers. CVS Caremark has signed on as an anchor tenant, and sev- eral more tenants are expected to be announced soon. Lisa Vela and Jay Landt of Colliers are leading leasing efforts for The Highlands at Thornton. TM Crowley has more than 1,200 complet- ed projects in its diverse port- folio, encom- passing urban retail, along with distribu- tion, industrial, m a n u f a c t u r- ing and more. NLG Capital Management has over $2.5 billion in assets current- ly under management, provid- ing investment management and advisory services through devel- opment and acquisition equity capital to its partners. s TM Crowley, NLG Capital develop Highlands at Thornton The Highlands at Thornton, located at the corner of Quebec Street and East 136th Avenue, will encompass more than 101,925 square feet on 23 acres. Lisa Vela Jay Landt patrons of all ages, including flight simulators and static aircraft on display,” said Gen. John Barry, CEO of Wings Over the Rockies. “This part- nership with 505 Southwest- ern, which brings great food, entertainment, and additional activity and energy to our site is a great step forward in our vision to build a family friendly campus at Centennial Airport.” The master plan for Wings Over the Rockies – Explora- tion of Flight includes the Blue Sky Gallery, which is currently open to the public, and Black Sky, a planned Disney-like experience to explore space. The campus also includes Colorado Skies Academy, a charter middle school with a focus on education through the lenses of science, aviation and space. TJC Ltd. and JVA Consult- ing provided engineering ser- vices in conjunction with the project. Lodestone Design Group and Wildrye Design provided design services. Insignia, formerly known as Flagship Food Group, recently announced its new name and logo, as well as the appoint- ment of several high-level leadership positions, as the company continues to grow into new areas of the Hispanic food market. “Not only have we more than doubled the size of our business over the past few years, but we have also leaned heavily into the Hispanic and Southwestern categories,” said Insignia chairman Rob Holland. “We acquired 505 Southwestern in 2008 and have grown that brand from a regional gem to the largest jarred green chile brand in the USA. Our passion for modern- izing the flavors of Southwest- ern and Hispanic foods has been core to our mission for years, if not decades. With this change, our corporate iden- tity and new logo now reflect this.” Insignia has additional oper- ations and offices in Califor- nia, Idaho, Kansas, Minnesota, New Mexico and Mexico. Its brands include 505 Southwest- ern, the largest jarred green chile brand in the U.S.; Yucatan Guacamole, one of the leading fresh guacamole dip brands in the U.S. and Canada; La Tor- tilla Factory, one of the coun- try’s largest tortilla brands; Hatch Kitchen, TJ Farms and Lilly B’s, leading brands in the frozen snacks, burrito and quesadilla space; and Young Guns, a leader in Hatch Valley green chile for food service. The company also provides private label, brokerage, and freight and warehousing solu- tions for retailers and food companies. s Insignia Continued from Page 1 Life Sciences by Avalon Jacka BOULDER – A biotechnol- ogy company headquartered in Boulder will move to a new facility after signing a long-term lease. BioLoomics leased 13,321 square feet in Flatiron Park West, located at 2477 55th St., from landlord Washington Capital. Patrick Brady of Savills rep- resented the tenant, and Hunter Barto and Dryden Dunsmore of Dean Callan & Co. represent- ed the land- lord in the transaction. Brady said Washington Capital and the Dean Callan team were “flex- ible and willing to work closely” with BioLoom- ics to achieve the tenant’s goals for the space. “There's a c o m p e t i t i v e environment for lab space and a very limited supply of move- in-ready labs in greater Boulder, and the deliv- ery timelines for build-out are less than ideal due to per- mitting,” Brady said. “We were thrilled we could uncover a lab solution that aligns so well with BioLoomics’ strategy and opera- tions, given the complications in the market.” The new space is more than double what BioLoomics has in its current space in North Boul- der, which is located approxi- mately 3.5 miles north. Brady said BioLoomics chose its new space in Flatiron Park West due in part to its location, which adds to the company’s benefits for recruitment and retention pur- poses. “Despite the recent decreases in bioresearch investments, the BioLoomics expansion is a dem- onstration of the strength of the life science market in Boulder,” said Brady. The property is situated on the banks of Boulder Creek, adjacent to Flatiron Park. Park amenities include creek and bike path trails, electric car charging stations, covered twin loading docks at each building, and heavy power. BioLoomics’ new location is expected to open late summer. Founded in 2019, BioLoomics focuses on research in antibody therapeutics, automation, cell programming, molecular biol- ogy, machine learning engineer- ing and imaging, according to its website. s Boulder-based BioLoomics signs lease for new location BioLoomics leased 13,321 square feet in Flatiron Park West, located at 2477 55th St., for a new facility. Patrick Brady Hunter Barto Dryden Dunsmore