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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The real-estate firm will move from a 5,300-square-foot space with no external signage on the fifth floor of a bank building at 1707 N. Main St. to a 3,328-square-foot ground-floor space in Meadowview Village, 600 S. Airport Road.
“It has much higher visibility,´ said Chris Mygatt, president and chief operating officer of Coldwell Banker for Colorado. The brokerage needed less space, he said, because “we’ve spent thousands in agent technology, including flat-screen TVs, presentation rooms and high-end workspaces. But also, we’ll be much more a part of the community in a center that already has restaurants, other shops, a chocolate store. … And we’ll be in an affluent area.”
The Longmont office has about 32 or 33 agents, said Mygatt, adding that he hopes to expand that number to about 40 in 2013.
Managing broker Jason Kruse of The Colorado Group Inc. in Boulder represented the landlord, and David C. Freyer Commercial Realty Advisor, an Evergreen-based sole proprietorship, represented the tenant.
Proto’s pizzeria, Sakura Japanese restaurant and Robin Chocolates operate in the center, and Longmont-based Oskar Blues brewery has considered opening an eatery in another space at the center which had been home to Jack’s restaurant. Kruse said the center is 90 percent leased.
Coldwell Banker and NRT LLC are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY).