CBRE has orchestrated the leasing agreement for a 1,035 square-foot retail area at Backyard on Blake, a transformed warehouse now serving as an open-air retail hub within the vibrant River North Arts District. The space has been secured by Flee the Flock Curated Goods.
Molly Bayer of CBRE represented the tenant, FTF Goods, in the transaction. Keri Farmelo with Mainspring represented the landlord, Backyard on Blake, LLC.
Located at 3040 Blake St. in Denver, the shopping center is home to 10 local shops and small business owners. Backyard on Blake features a coffee shop, restaurant, multiple artist studios, co-working space, courtyard garden and rooftop.
“This community of small business owners shows the vibrancy of the retail market,” said CBRE’s Bayer. “By banding together to create this community space that encourages visitors to walk around, these businesses and their owners have shown what a thriving shopping center focusing on local businesses can look like.”
FTF Goods, owned by founder Jesse Holmes, will sell home goods, barware, outdoor essentials and everyday carry items. The store will be in Suite 100 of the property.
“I’m excited to serve the community and to join other great businesses at Backyard on Blake. Please stop by in early June to check out the new store,” said Holmes.
Denver’s retail market posted just over 108,000 sq. ft. of positive net absorption in the fourth quarter of 2023, according to CBRE research. Vacancy decreased quarter over quarter, dropping to 5.9%.
About CBRE Group, Inc.: CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
