JOHNSTOWN — The owners of the Canyon Bakehouse have acquired a 165,625-square-foot industrial building in Johnstown, where it plans to consolidate several of its locations presently operating in Loveland.
Canyon Bakehouse paid $14.75 million for the 17-acre property at 3600 Ronald Reagan Blvd., to commercial real estate investment trust Broadstone Real Estate LLC in Rochester, N.Y.
Josh Skow, co-founder, president and chief executive of the company, which makes gluten-free bread, buns, bagels and brownies, said administrative offices will move to the new plant by the end of this month and the bakery’s production lines operating there by the end of the year.
The company is operating at full capacity in a 20,000-square-foot space at 1510 E. 11th St., in Loveland, and needs more room to expand to meet demand for its products.
“We will add some automation equipment and expand from one production line to two production lines,” Skow said. The company employs 125 people, and it will add another 25 jobs within the next 24 months, he said. “We will be adding new products.”
Canyon Bakehouse was founded in 2009 by Skow, his wife, Christi Skow, and Ed Miknevicius.
Mike Eyer with CBRE Inc. in Fort Collins represented Canyon Bakehouse in the real estate transaction.