Planet Cyclery moving to Broomfield

BROOMFIELD – Planet Cyclery, a distributor of bicycle components, is moving to Broomfield from California.

Company owner David Kindrachuk signed a lease for 2,500 square feet of industrial space at 6901 W. 117th Ave., Unit 11. Kindrachuk said he is moving from his current San Diego location to Broomfield to take advantage of Colorado’s lower cost of doing business.

“We’re excited to move into the area. It’s a family-owned business, and we’re going to stay put, unless Colorado turns into California in terms of expense,” Kindrachuk said.

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Kindrachuk declined to say how much he will pay for the lease. Broker Tom Conarro at The Colorado Group said square-foot lease prices at that location are about 25 percent lower than similar square-foot spaces in Boulder. He declined to give a baseline lease price amount.

Mark Dwyer at Lincoln Property Management was the listing broker on the deal. Conarro was the selling broker.