Cycling gear retailer The Pro’s Closet (TPC) has signed a lease for its new headquarters at North Washington Commerce Center in Thornton. The company now occupies 28,553 square feet of warehouse and office space in Building A of the property. TPC was previously headquartered in Louisville.
Ryan Link of CBRE represented TPC in the transaction. The landlord of the commerce center is Kohlberg Kravis Roberts & Co. L.P.
“With their relocation, TPC will be getting closer to their target demographic and starting a new chapter of their story,” said CBRE’s Link. “North Washington Commerce Center is a perfect location for their business to seamlessly integrate their office and warehouse needs.”
With a demand for industrial facilities in low-congestion areas, Opus developed, designed, and built North Washington Commerce Center, a speculative industrial center 15 miles north of Denver. The space is located at 1101 E. 126th Ave. and includes a 2,900-square-foot speculative office suite. Building A of North Washington Commerce Center is on 13.62 acres and features a 30’ clear height, 19 dock-high doors, three drive-in ramped doors and 140 parking stalls. The property has easy access to I-25, is within 15 minutes of I-70 and is near various retail centers.
“The Pro’s Closet is a well-loved and trusted brand in the cycling industry, and we are thrilled to have the opportunity to reboot the business with a more sustainable cost structure,” said TPC CEO Jonathan Czaja. “This warehouse is much smaller than our previous warehouse and represents the rightsizing of one of the many excessive expenditures that we made during the COVID bike boom. This new space is perfect for TPC 2.0 and enables us to focus on what matters most: providing cyclists with access to the highest-quality certified pre-owned bikes and e-bikes in the industry.”
The overall U.S. office market is expected to stabilize, according to CBRE’s U.S. Real Estate Market Outlook 2025. With a slowdown in new supply and declining interest rates, the stage is set for ‘the most optimistic outlook in years.’
