The plant originally had been listed at $5.2 million, and most recently at $3.4 million, or $49.73 per sf. Harlan was able to snap it up at about $33.70 per sf for the 68,266 sf. Hakushika had opened the facility in 1992 and had invested an estimated $12 million into the former production plant. Hakushika is a subsidiary of the 343-year-old Tatsuuma-Honke Brewing Co.
Fuller and Co. brokers Esther Kettering and Kittie Hook sold the property. Hook says one reason that Hakushika was willing to part with the property at the sales price was because it liked the idea of a family business operating it. Other deals to sell it at a higher price in the past collapsed, Kettering notes.
The facility sits on eight acres at 4414 Table Mountain Dr. It includes 56,296 sf of production space, a 7,000-sf mezzanine level, and a 4,970-sf office. It has 30-foot clear height ceiling, and is constructed of precast concrete panels. It has 12 drive-in doors and three dock-hi doors for transporting goods. It is about 15 minutes from Downtown Denver and five-minutes from Downtown Golden. Rail access is available. The manufacturing facility includes a four-inch water tap, something that would not be available today, Hook says. And if it were, it would cost about $750,000.
Harlan was founded in 1991 by brothers Doug and Hugh Harlan. One of its customers in Golden-based Noah Bagels and it produces bagels for McDonald's Corp. It also makes pies, cakes and breads.
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