An existing 36,000 square-foot office structure in Loveland that is designated as a Class A Building will soon be the home to a prominent floor and tile company.
Located at 6987 Rickenbacker Road, the structure, which was built earlier this year, is located in the growing Loveland Airpark North on the generally undeveloped north end of the city.
The Colorado Floor Company has now announced its purchase of that building, which includes 30,000 square feet of warehouse space along with a 6,000 square-foot mezzanine, for $8.5 million.
The company plans to use the entirety of the building for its operations.
With its offices currently located in Golden, the Colorado Floor Company, which was launched in 1988, has made a name for itself with its line of flooring, carpeting, and tile, not to mention granite and quartz countertops.
According to sources, the company’s annual revenue ranges between $10 million and $15 million, figures underlining a historically upward trend.
The larger Loveland Airpark North was developed by the company BH Developers, also of Loveland, a business/industrial park comprised of around 40 acres.
In a statement, Curt Burgener, the head of BH Developers, expressed his pleasure in the Colorado Floor Company’s purchase of the Rickenbacker Road building, and added: “We built and positioned Airpark North to be a leading industrial development in northern Colorado.”
By Garry Boulard
