Earth Treks Climbing and Fitness Leases Former Sports Authority Headquarters
DENVER – CBRE Group, Inc. announced today that Earth Treks Climbing and Fitness, a leader in providing superior indoor climbing experiences, has leased 52,000 square feet of the former Sports Authority headquarters building located at 1050 West Hampden Avenue in Englewood, Colorado. The property owned by Denver-based Ogilvie Properties, Inc. will be transformed into the largest climbing gym in the United States.
Matt Burgner and Daniel Close of CBRE Industrial & Logistics Services in Denver represented Earth Treks in the lease.
“It’s exciting in commercial real estate to see a property like the Sports Authority headquarters being repurposed for a creative use,” said Mr. Close, vice president, CBRE. “The combination of a high-visibility location, surrounding demographics, ample parking, access to light rail and the ability to raise the building’s roof made this an ideal fit for Earth Treks.”
The new site is Earth Treks’ second location in Colorado and will be the largest climbing gym in the United States. Earth Treks currently operates a 29,000-square- foot facility in Golden, Colorado, and four other facilities in the Maryland/DC/Virginia area. In addition to world-class roped climbing and bouldering terrain, the Englewood location will offer a yoga studio, functional fitness and cardio zones, training areas, climbing classes, a retail pro-shop complete with expert advice, and on-site child care.
“We are extremely excited about our newest climbing gym. The Sports Authority site is the perfect location to become the new home for the area’s climbing and fitness community. The City of Englewood and area businesses, including Earth Treks, are working hard to repurpose the 15-acre campus into a dynamic area for all to enjoy,” said Chris Warner, Earth Treks founder and CEO. “Consumers today are looking for CBRE Press Release remarkable experiences. This gym will be a truly amazing place offering our guests a great experience through the combination of our passion for climbing and our 20 plus years of operational experience and design aesthetic.”
Located near the intersection of West Hampden Avenue and U.S. 85/Santa Fe Drive in Englewood, the former Sports Authority headquarters is part of a 15-acre site that is close to light rail, has bike trail access and is situated near local restaurants and craft breweries.
Ogilvie Properties, Inc. acquired the property from Etkin Johnson Real Estate Partners last month. Prior to Ogilvie’s ownership, the building was being marketed and used exclusively as an office space. Under the leadership of Stu Ogilvie in conjunction with CBRE, the space was re-envisioned for other uses. “The site’s infill and transit-oriented location makes it viable for several uses beyond office,” said Jeremy Ballenger, a senior vice president with CBRE, who is representing Ogilvie Properties in leasing the space, along with his partner Tyler Carner. “Strong demographic growth in the area and a limited number of existing industrial inventory and development sites, made industrial a highly attractive alternative use. After functioning as an office building for more than decade, Ogilvie Properties is breathing new life into the property and reviving a key corner in the City of Englewood.”
Earth Treks will occupy the Sports Authority space on August 1, 2017 and begin improvements, including raising a portion of the existing roof to accommodate climbing walls. A grand opening is planned for 2018.
Image courtesy of Earth Treks