HEXO USA acquired the property at 1331 Red Cedar Cir. in north Fort Collins. The 43,280 sq. ft. property has five industrial condominium units. In addition, it is located just one block east of College Avenue, from 1331 RC Partners, LLC & Country Grove, LLC.
The building has 3 dock-high doors, 4 grade level overhead doors, very functional clear span and clear height. Moreover, 1331 RC Partners made upgrades to bring the building up to a new, high quality standard. In addition to the great location and quick access to I-25, the facility is located within the Colorado Enterprise Zone & Federal Opportunity Zone.
“This transaction represents an excellent opportunity for HEXO USA, Inc. to occupy a large, well-equipped and well-located light industrial facility with somewhat unique zoning. 1331 RC Partners did a wonderful job of repositioning what started as a tired industrial building into a Class A light industrial property with much improved functionality and aesthetics. We are honored to have teamed up with TJ Antinora of CBRE to represent 1331 RC Partners in this high-quality project,” said Jake Hallauer, President of NAI Affinity.
“This sale is the perfect testament to the ever-growing demand for industrial and flex facilities in Fort Collins and the greater northern Colorado region. The incentivized zoning on the state and federal levels as well as the City of Fort Collins zoning attracted Hexo USA, Inc to this recently refurbished building. More industrial and flex buildings are under construction and in the planning process in northern Colorado which will continue to attract new and leading-edge companies (like Hexo USA, Inc.) to our community providing new high paying jobs. It was a pleasure teaming up with Jake Hallauer of NAI Affinity to work with Country Grove, LLC, 1331 RC Partners and HEXO USA, Inc. to facilitate this transaction,” said TJ Antinora of CBRE.
See an additional write-up on this transaction: BizWest
Above all, transaction partners include CBRE and NAI Affinity.