Newmark Merrill Mountain States Wins Management of Panattoni Development Company's One Million SF Colorado Retail Portfolio

LONGMONT, CO-- NewMark Merrill Mountain States, a division of NewMark Merrill Companies, has been appointed the new management firm for four of Panattoni Development Company’s Colorado Centers totaling over 1,000,000 SF. The centers include:

Twin Peaks Mall (top left rendering)  is located in Longmont, about 35 miles north of Denver. The 550,000 square foot mall is home to over 40 retailers.
Harvest Junction North & South (middle right photo) are located just east of US Hwy 287 at Ken Pratt Blvd. in Longmont. These two centers, located directly across the street from each other, total 322,816 square feet.  The center is currently 94 % leased.

The final center in the Colorado portfolio assigned to NewMark Merrill Mountain States is Northglenn Marketplace, (lower left photo)  located off the I-25 at104th Ave, Northglen, Colorado. The portion owned by Panattoni is a former 76,157 square foot Mervyn’s.
The management assignment was procured by Allen Ginsborg, NewMark Merrill Mountain State’s Managing Director and Principal. Ginsborg will direct the marketing and management of all the centers with local asset manager Luke McFetridge. Ginsborg will lead the redevelopment efforts for Twin Peaks Mall with current mall manager Sandra O’Clock.

“The Panattoni assignment is part of our growing presence in Colorado. We have a strong synergy with the existing Panattoni retail team and are confident our operational and marketing expertise will add value to the portfolio immediately,” said Ginsborg.

“Repositioning Twin Peaks Mall will require us to apply all of the skills we have learned over decades of successful shopping center redevelopment projects. Mall transformations are a sign of the times and opportunity to lead our industry into the future,” says Ginsborg. “I’m eager to lead this effort.”

Contact: David Ebeling, Ebeling Communications, 949.278.7851, david@ebelingcomm.com