Fort Collins-based coffee-system maker leases new Centerra space in Loveland

LOVELAND — Fort Collins-based Toddy LLC, makers of the Toddy Cold Brew Coffee system, has signed a lease for 42,000 square feet of industrial space in Loveland.

Toddy LLC, founded by Todd Simpson, becomes the first tenant at Centerra Industrial Park, at 5195 E. 37th St., a new development by Loveland-based McWhinney Real Estate Services Inc.

The development is part of the 3,000-acre Centerra master-planned community, which is home to more than 7,500 employees, 1.5 million square feet of retail including more 30 restaurants, three hotels, a health club, K-8 STEAM school and miles of trails and open space with views of the Front Range.

Toddy LLC, currently at Red Cedar Circle in Fort Collins, is expected to move in at the start of 2017.

Toddy is taking about half of the 84,000-square-foot building, the first one in Centerra Industrial Park. McWhinney developed the site speculatively to accommodate uses ranging from office to light assembly, research and development, light manufacturing, cold storage and warehouse distribution.

The Class A facility includes 22 dock-high doors, two drive-in doors, 24-foot clear heights, 52-foot by 50-foot bay spacing, skylights, ESFR sprinklers and a 1.5 to 1,000 parking ratio. The site is located on 13 acres near the Fort Collins-Loveland Airport, with direct access to Interstate 25 and U.S. Highway 34, and regional access to Interstate 80 and Interstate 70.

Construction on a second building in Centerra Industrial Park is slated to begin by the end of the year, with delivery in late spring 2017. The second building will offer the same flexible space layout and Class A features as the first, for either a single tenant or multiple users as small as 15,000 square feet.

Mike Eyer and Kyle Lundy of CBRE’s office in Fort Collins along with Jim Bolt of CBRE in Denver served as advisers on the project and are leasing the space on behalf of McWhinney.

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