Pearl Izumi considers ‘signature’ HQ site

LOUISVILLE — Athletic apparel maker Pearl Izumi USA Inc. could receive an incentive package worth about $156,000 if it decides to build its new “signature corporate headquarters” in the Colorado Technology Center in Louisville, according to the terms of a business-assistance package approved recently by the Louisville City Council.

Pearl Izumi, which makes apparel for cyclists and runners, currently has its headquarters in a 91,570-square-foot building at 1886 Prairie Way, which is in the Colorado Technology Center. The company has 135 employees in Louisville, according to the city.

Representatives of Pearl Izumi would not comment on its plans.

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According to a memo prepared for Louisville City Council, Pearl Izumi’s current headquarters no longer suits the company’s needs. The company considered sites in Lafayette and Erie, but Louisville believes it has prevailed.

“We are assuming we won the competition,” Louisville economic development director Bonnie Star told Louisville City Council. In an interview after the meeting, Star said the city continues to meet with representatives of Pearl Izumi and its construction team.

According to the Louisville memo, the company wants more office space and less warehouse space than its current facility. The site it is considering is between Colorado Highway 42 and Taylor Avenue in the northern part of the tech center.

The “signature corporate headquarters” would be between 75,000 and 108,000 square feet. The estimated cost of the building would be about $10 million, according to Louisville. Pearl Izumi is expected to grow to 150 full-time employees over the next five years, according to the city memo.

BOULDER

FORECLOSURES JUMP: The number of foreclosure proceedings initiated in Boulder County rose dramatically in March, according to records from the Boulder County Public Trustee’s Office.

Notices of election and demand — the legal paperwork that starts the foreclosure process — were filed on 100 properties in Boulder County in March, up from 61 proceedings, which were started in February.

The biggest jump was in Longmont, where 62 properties entered foreclosure in March, up from 29 the month before. In Boulder, 16 properties entered foreclosure, up from eight in February. Broomfield experienced 20 foreclosure starts, one more than the month before.

In March, 36 Boulder County properties were sold, down eight from February. The number of sales in Broomfield held steady at 10.

RE/MAX HONORED: Re/Max of Boulder is the top-selling office of all Re/Max affiliates in the United States, according to a press release issued by the company.

The office, owned by Tom Kalinski and led by DB Wilson, managing broker associate, ranked No. 1 for the fifth consecutive year.

The ranking is based on total annual sales volume. In 2011, Re/Max of Boulder sold about 1,360 homes worth nearly $568 million, Wilson said. The firm primarily sells homes in Boulder and Broomfield counties.

Re/Max representative Jack Kreider said topping the list for five straight years has never been done before.

“Re/Max of Boulder is very appreciative for all of its many customers, friends and to the community of Boulder, to which our office is immersed in and strives to support,” Kalinski said in a prepared statement.

Re/Max of Boulder’s office has been located at 2425 Canyon Blvd. No. 110 since 1977. It has 90 full-time contracted Realtors and 12 licensed assistants, Wilson said.

LEASES SIGNED: Richard Moser has leased 8,686 square feet of space at 1724 Broadway. Moser is rebranding the building “Broadwalk on the Creek” and plans to open a gourmet café and work and living space. Moser has an exclusive option to buy the building from Majors Investments LLC. Dan Ferrick of Gibbons-White Inc. represented Moser and is helping him find subtenants. Ferrick and Chris Boston of Gibbons-White listed the building for Majors Investments.

• VersaCart Systems Inc., a manufacturer of shopping carts, has signed a lease for 5,690 square feet of office space at 4720 Walnut St. No. 105 in the Tierra Centre Business Park. Chris Boston and Michael Ryan McCarty of Gibbons-White Inc. represented the tenant. Nate Litsey and Chad Henry of W.W.Reynolds Cos. represented the landlord.

• Yoga Kaala LLC is taking 1,934 square feet of space at 633N S. Broadway at the Table Mesa Shopping Center. Brit Banks of Dean Callan & Co. represented the tenant. Nate Litsey and Chad Henry of W.W. Reynolds Cos. represented the property owner.

• PlayFair Toys LLC has signed a lease for a 1,500-square-foot retail space at 3043 Walnut St. in the Walnut Gardens Shopping Center. W.W. Reynolds Cos. owns the property and was represented by Nate Litsey and Chad Henry.

• Pho Basil at Boulder LLC signed a lease for 1,740 square feet of retail space at 3280 28th St., Suite 2. Lynda Gibbons, Annie Lund and Angela Topel of Gibbons-White Inc. represented the landlord. Louis Lee of Dunton Commercial represented the tenant.

LONGMONT

NEW FOODS: Claremont Foods LLC, a new contract manufacturing and packaging company in the natural and organic food space, has signed a lease for a 31,015-square-foot building outside of Longmont.

The building, at 6325 Monarch Park Place, is in the Monarch Business Park.

Claremont Foods is a new, privately owned company launched by veterans in the natural and organic food industry, Longmont Area Economic Council president and CEO John Cody said. The council helped Claremont Foods find space.

Claremont Foods’ business model is to manage a brand’s supply chain, production, inventory and shipping, while the brand owners can focus on marketing and sales, according to the company’s website. Representatives of the company did not immediately return a request for more information Monday morning.

Claremont Foods’ lease is for the entire building, which was built in 1994 and is owned by Milbrae Square Co.

Michael Davidson can be reached at 303-630-1943 or email [email protected].