LC Commercial
1712 Topaz Drive,
Loveland, CO 80537

Phone (970) 667-7000
Monday-Friday: 8am-5pm
Before-you-buy-in

LC Real Estate Group Makes History Over 20 Years

Sunday, May 01, 2016

LC Real Estate Group may have started small but, in 20 years, it has blossomed into an impressive operation. It began when Don Marostica and Eric Holsapple connected over common interests. “I took a sabbatical after I received my PhD in economics from CSU,” Holsapple says. “I met Don, moved into his conference room and went to work. I started helping out with financing on a few projects and we hit it off.”

Deciding to partner officially, they purchased Moore Commercial, and changed the name to Loveland Commercial LLC, creating a real estate development and brokerage company. The vision was to improve the quality of development in Northern Colorado. Blaine Rappé joined them the next year.

Over time, Holsapple says, three segments evolved. “We were doing mostly established development and then added brokerage. The investment and management piece began in 1999 with Thompson Valley Center. It was our first big commercial investment. We were doing mostly what I call horizontal development. We put in the roads and streets and sold lots to developers.”

Nathan Klein joined them in 2004 as a CSU intern and, shortly after graduation, began full time work. “In 2005, Nathan began his work and grew the brokerage business by five times what we used to do,” Holsapple says.

But times changed and so did the company’s focus. “In 2006 and 2007, building basically stopped and builders reorganized. We still had 150 lots and no one interested in building on them. 

So, in 2008, we created Midtown Homes and began with Boise Village North,” he explains. Since then, this arm of the company has built a variety of houses, including significant entry-level and affordable neighborhoods such as Pine Tree Village.

The winds of change once again shifted and the partners were faced with a new direction. In 2009, they were called upon to develop North College Marketplace in Fort Collins. More opportunities developed and the company’s efforts expanded. In fact, over the past two decades, the firm has had an impressive impact. It has completed two King Soopers shopping centers (one in Loveland and one in Fort Collins), developed more than 2,500 residential lots and built almost 500 homes, including ongoing projects in Tulip Creek in east Loveland, Spring Creek in Fort Collins and Fox Run in Greeley. In addition, it has expanded its investments and developments into the Denver area and Colorado Springs.

The partners of Loveland Commercial LLC began to look at the broader view of what they had to offer. “We are clearly a regional player in the marketplace,” Holsapple says. “And we realized that we needed to match our image to the reality of our work.”

The firm’s name was changed to LC Real Estate Group LLC to lead to better recognition and acknowledge all the components of the business. Midtown Homes, for example, is now LC Home and part of the same company.

“With different names for the residential and commercial divisions, they appeared to be different companies,” Klein says. “But, now, on every company vehicle and/ or commercial and residential project or listing, the LC Real Estate logo will appear. Not to mention we are now positioned to take care of the entirety of a client’s real estate needs, regardless of whether that is commercial or residential in nature.”

Earlier this year, the firm moved into 4,000 square feet of a 28,000-square-foot building it owns at 1712 Topaz Drive near U.S. Highway 34 and Boise Avenue. After remodeling the interior, LC Real Estate Group moved its 21 employees and partners into the west end of the building in early March.

 

Call or Text Wayne at (303) 588-8808
Lewiswaynewide_27a_7101