DevelopmentHealthcareInvestment

New Wellness Marketplace to Replace Former School at Federal and Speer

DENVER– Collegiate Peaks Bank has provided the financing for a new “wellness marketplace” named Nurture at 2949 Federal Blvd. in Denver. The buyer, Nurture, founded by Peter Strauss, Nikki Dority and Kelly Campbell, paid $6.1 million for the 20,700-square-foot building and hopes to open next summer.

“We had the opportunity to work with an incredible team at Nurture that has a tremendous and well-planned vision for this property,” said Kristina Greeno, vice president of Collegiate Peaks Bank.  “We’ve built a solid reputation as a bank that is able to work closely with business owners and entrepreneurs to realize their dreams for growth and success.  Nurture is the latest example of our ability to serve as a financial partner who takes a personal approach in our business dealings.”

The Nurture team will operate the property which will be home to health, wellness, beauty and fitness offerings, anchored by a café.  There will be 45 suites, intended to house professionals in the health and beauty realm, from acupuncturists to hair stylists to massage therapists. There will also be two anchor spaces set aside for fitness studios and a handful of units intended for small retailers.  Nurture already has 76 signed letters of intent that are being converted into leases.

The property was previously purchased for $3.85 million in October 2017 by Denver-based Alpine Investments. The space was then renovated with the intent to lease it out to medical office users.

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