Erie closes on 255-acre land acquisition

ERIE — The $6.37-million purchase of a 255-acre private property by Erie was finalized in late December.

Town leaders approved funding for acquisition of the vacant land near the intersection of Erie Parkway and Interstate 25 in October in hopes of spurring economic development in the area.

Erie town leaders have approved an agreement to buy 225 acres of land near Interstate 25 and Erie Parkway. This land is within an area where the town hopes to spur economic development. Courtesy Town of Erie

“The overarching goal is to better position the town to implement the I-25 master plan,” Erie economic-development manager Ben Pratt said at the time.

That plan aims to “create a regionally-scaled retail and employment center at Erie’s eastern gateway servicing the Northern Colorado marketplace,” according to town documents.

The seller was Erie Ventures LLC, represented by Eric Roth and Martin Roth with CBRE’s Land Services in Denver.

“This property is one of the most visible interstate highway corners in the northern metro

submarket and located at the front door of Erie, making the town of Erie a natural fit to

acquire the land,” Eric Roth said in a prepared statement. “It was a short timeframe to meet the seller’s transaction goals, so we were pleased to see the buyer perform under such a quick timeline at the end of the year.”

ERIE — The $6.37-million purchase of a 255-acre private property by Erie was finalized in late December.

Town leaders approved funding for acquisition of the vacant land near the intersection of Erie Parkway and Interstate 25 in October in hopes of spurring economic development in the area.

Erie town leaders have approved an agreement to buy 225 acres of land near Interstate 25 and Erie Parkway. This land is within an area where the town hopes to spur economic development. Courtesy Town of Erie

“The overarching goal is to better position the town to implement the I-25 master plan,” Erie economic-development manager Ben Pratt said at the time.

That plan aims to “create a regionally-scaled retail and employment center at Erie’s eastern gateway servicing the Northern Colorado marketplace,” according to town documents.

The seller was Erie Ventures LLC, represented by Eric Roth and Martin Roth with CBRE’s Land Services in Denver.

“This property is one of the most visible interstate highway corners in the northern metro

submarket and located at the front door of Erie, making the town of Erie a natural fit to

acquire the land,” Eric Roth said in a prepared statement. “It was a short timeframe to meet the seller’s transaction goals, so we were pleased to see the buyer perform under such a quick timeline at the end of the year.”