Brinkman Acquires Large Retail/Office Center in Steamboat Springs
As part of their strategic acquisitions plan, real estate development and investment company Brinkman, has acquired a significant retail/office center in Steamboat Springs, CO, off Highway 40 and Pine Grove Road. The 67,000-square-foot property, Sundance @ Fish Creek, is in a prime location between the downtown corridor and the popular Steamboat ski resort. Anchor tenants of the property include Starbucks, Sherwin Williams, Fiesta Jalisco and The Egg & I, along with smaller office users.
The property was purchased by Brinkman, for an undisclosed amount, from local owners AlpenGlow Ventures, who originally purchased the property in 2002 and completed an extensive restoration shortly thereafter. These notable improvements were essential to Brinkman’s desire to acquire the center which was originally built in 1970.
“We’re invested in this community,” said Brinkman CEO and co-founder Kevin Brinkman. “We’re excited to work with existing tenants to continue momentum in the center while also collaborating with new potential tenants to fill vacancy.”
Brinkman has worked in the Steamboat Springs community for many years, including developing Skiview, an apartment community located near the ski area base.
Available units include first floor space ranging from 800 to 2,600-square-foot and second floor space ranging from 500 to 1,000 SF. Assistance with build-out of vacant units is being offered by Brinkman to secure the right tenants that will further strengthen the Steamboat business community.
Brinkman Co-Founder and local Steamboat businessman, Paul Brinkman, was a catalyst in pursuing the project and a key contributor to completing the transaction.
Jim Cook, commercial/business broker, and Greg Breslau, with Colorado Group Realty, will represent Brinkman in the leasing for current vacancies. Jim Cook was also the broker in the sale of the property.
This marks just one of Brinkman’s real estate acquisitions this year with several more in the pipeline. The company’s acquisitions portfolio includes retail, office, hospitality and multi-family properties along the Front Range. With the expressed goal of “creating meaningful places that enhance communities,” Brinkman focuses on making enhancements to acquired properties that add value for existing and new tenants.
Photo courtesy of Brinkman