Abound Solar properties now on market
Abound leased office space in Loveland and occupied industrial space in Fort Collins and Longmont.
Local real estate companies are already working to market the properties, although some of their progress is hindered by the bankruptcy proceedings.
The Loveland office space, at 2695 Rocky Mountain Ave., part of the Centerra development, is being marketed by McWhinney, the developer behind Centerra. Abound occupied an entire floor within the building, totaling about 14,250 square feet.
Class A office vacancy rates in Loveland are high, at about 10.2 percent, according to Nathan Klein of Loveland Commercial Real Estate. The silver lining? There is very little inventory of contiguous space above 7,500 square feet.
The asking lease rate for the property is $18.50 per square foot, which is on par for the rest of the market, according to Klein.
The size and condition of the property, combined with its location in Centerra, should enable the landlord to bring in rent rates near the higher end of the spectrum,
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