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Neenan in development mode with multitenant project

October 7-October 20,2015 – Colorado Real Estate Journal – Page 13
Larimer & Weld Counties

Neenan in development mode with multitenant project

by Jill Jamieson-Nichols

VALUE

The Neenan Co. is back in development mode with redevelopment of the former Value Plastics building in Fort Collins.

The project at 3325 S. Timberline Road is the first since the company completed the OnCore Manufacturing Services building in Longmont in 2011. Neenan specializes in industrial, medical and office build-to-suits for clients.

The Neenan Co. designed the Value Plastics building in 1995 and recently purchased it for $3.66 million for conversion from industrial to multitenant office space. Completetion is anticipated in January.

The building contains 29,000 sf of the first floor and 10,500 sf on the second floor.

“We’re excited to expand the firm’s focus and return to our offering of real estate development services,” said David Shigekane, The Neenan Co. president. “With the market conditions continuing to improve,  this is the ideal time to engage with clients on high-caliber development projects.”

The Neenan Co. began providing development services in 1981 and has owned or co-owned more than 40 properties. Its projects include the Redstone Professional Office Building on Poudre Valley Health System’s Harmony Campus, Melco Industries in Westminster and Avista Medical Plaza in Louisville, including the Avista I and II medical office buildings.

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