JOHNSTOWN — The family that runs A&A Dairy in Loveland has bought a commercial building at 2534, a 542-acre mixed-use development in Johnstown at the southeast corner of Interstate 25 and U.S. Highway 34.
Westwind Farms LLC, registered to Agnes Koldeway, matriarch of the Koldeway family that owns and operates the dairy farm, paid $4.7 million to an affiliated entity of Chrisland Real Estate Cos., for the 7,080-square-foot building on 1.1 acres at 4791 Thompson Parkway, according to public records.
The building is fully leased to Verizon Wireless and Qdoba Mexican Grill. The building was constructed in 2007. Verizon remodeled its space within the past five years, and Qdoba completed its tenant finish in 2015.
“With approximately $300 million of construction taking place at 2534, including Scheels, and the many other apartment, industrial, office and retail buildings, we believe the property will serve the new owners well for many years to come,” Ryan Schaefer, chief executive of Chrisland Real Estate Cos., said in a prepared statement. “We are seeking a well-located exchange property or two, where we might add value in order to recycle our capital from this sale.”
Schaefer and Jake Hallauer of Chrisland Real Estate Cos. listed the property.
Craig Harrison, owner of Loveland-based Harrison Resource Corp., represented the Koldeways in the transaction. He said his clients purchased the property as a long-term investment.