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Loveland, CO 80537

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Fort Collins investor buys land for 2534 storage facility

Thursday, May 12, 2016

JOHNSTOWN — Robert Pfankuch of Fort Collins has acquired 2.9 acres of vacant land in the 2534 mixed-use development in Johnstown, where he will build a self-storage facility.

Pfankuch Storage 2534 LLP paid $503,000 to the Thompson Ranch Development Co. for the land at 4560 Venture Drive as developers have been busy announcing deals bringing a variety of businesses to 2534.

Pfankuch could not be reached Thursday for details on the project. Pfankuch owns Parkview Self Storage in Greeley and Johnstown Self Storage in Berthoud.

Steve Griffith, broker and principal at Griffith Realty Advisors in Fort Collins, represented the buyer, and Nathan Klein of LC Real Estate Group in Loveland represented Thompson Ranch Development Co.

2534 is a 600-acre mixed-use development that has been gaining momentum in recent months. Last week, it was announced that Swire Coca-Cola USA purchased 11.2 acres in the 2534, where it plans to construct a 125,000-square-foot beverage distribution center. High Country Beverage recently acquired land for a similar facility that is next door to the property Swire purchased.

The development also will have a 250,000-square-foot Scheels sporting goods complex, a 254-unit luxury apartment complex by AG Spanos Cos., Liberty Fire Arms and single-family homes at Thompson Crossing, all under construction.

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