We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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Ascent has signed a month-to-month lease for the smaller space in the 127,000-square-foot building, said co-pastor Jim Candy. Candy and co-pastor Bill Stephens have ties to First Presbyterian Church in Boulder and a congregation of about 300 people, he said.
Building owners Centennial Valley Investment LLC and Seminole Land Holdings Inc. are looking for a permanent retail tenant, Tom Garvin, a spokesman for Seminole, said in a press statement. Earlier this month, the new owners paid Sam’s Club $3.65 million for the building and the 13.2 acres on which it sits.
“Having Ascent use part of this space on an interim basis is a win-win for this new church and for Louisville,” Garvin said.
Ascent plans to put up signage by the end of March and to start holding services on Sunday, April 6, Candy said. The church started in December 2013 with services at the Omni Interlocken Resort at 500 Interlocken Blvd. in Broomfield.
Travis Garvin has said he will lease other space in the building temporarily for his furniture business Low Cost Office Furniture. Travis Garvin is Tom Garvin’s son.
Sam’s Club – a national chain of membership-only retail clubs owned and operated by Walmart – shuttered its Louisville store in 2010.