This was the largest mall in Ft Collins and was built in the early 1960's by Simon and Company. It was one of their first. By  the mid 90's it was tired and worn, losing tenants and going downhill as all malls do. The owner decided he wanted to sell but didn't want to advertise. I produced a rehabilitation opportunity  sales package. The visual parts are shown below for private distribution.


Fort Collins is a small university town with a highly educated population of about 125,000 This city is attractive because of the outdoor lifestyle and the educational opportunities. It is located 60 miles north of Denver on I-25.


The mall was within walking distance of Colorado State University which has over 25,000 students. The mall had 30 to 40 tenants and was sited on approximately ten acres on the town's main street,: College Avenue.


The site is very well located being adjacent to CSU and on the main street of town.


This was an interior mall containing about 156,000 sf and some forty tenants. It did not include the Wards store at the north end. There were three restaurant pads out front. One of them was in trouble and declared bankruptcy which complicated the sale. There was adequate parking as shown here. To the south end was a King Soopers grocery that wanted to stay. South of that was an approved PUD for a new smaller building. We had many offers but it was hard to tell who could close. Because of the complexity of retail space leasing, the buyer really had to know what they were doing.


The package included an analysis of the existing leases and operations for the shops, rents, expenses. It also contained survey, title and illustration explaining the various parcels for sale. One of the things I learned on this transaction is how "cut throat" the retail industry really is. If you are not a part of the business on a continuing basis, don't try to do a retail deal.


What finally sold the eventual buyer was an illustration of how the interior hallway could be reused and all the little stores would be combined into the big box retailing that is popular today. The eventual buyer did rehab the building into big box outlets. There was a lot of negotiation with existing tenants to end their lease or relocate them, but they faced the prospect of a dying mall and had to do something.