Jessup Farm sues Reve, former owner for unpaid rent

FORT COLLINS — Jessup Farm LLC has filed suit against a defunct fitness studio and its former owner over a sublease that went bad.

Jessup, the landlord, seeks $256,134, plus costs, to compensate it for unpaid rent.

Jessup Farm is the artisan community located off Timberline Road in Fort Collins. At one time, Reve Fitness, a boutique studio, was located there at 1981 Jessup Drive. Reve was part of the Miramont group of fitness facilities that owner Clifford Buchholz sold in November 2017 to Genesis Health Clubs. Genesis and Club Reve were affiliated with the Wichita, Kansas, operation of GHC Reve Operator LLC.

Club Reve, as described in a suit filed in late February, entered into a lease-termination agreement in August 2018 with Jessup Farm. Subsequently, Outdoors Inc., which did business as Peloton Cycles, signed a new lease. Club Reve and its parent company, GHC Reve Operator,, in a deal guaranteed by Buchholz, agreed to pay any rent that Peloton failed to pay.

Peloton defaulted and ultimately filed Chapter 7 bankruptcy on July 15, 2019. 

Jessup Farm contends that Reve and Buchholz are on the hook for unpaid rent through July 2020.

Buchholz, reached by BizWest Monday, said that he is aware the lawsuit is going on but hasn’t been involved in the details. “It’s really between Genesis and Jessup, and hopefully they’ll work it out; I’d be surprised if they don’t work it out.”

He acknowledged that he provided a personal guarantee but expects that the primary parties will find a solution.

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