FORT COLLINS, CO-The Everitt Cos., a long-time big player in commercial real estate in this northern Colorado city, recently completed a $14-million refinancing for a portfolio of seven office and commercial properties.
A contact in the Denver regional office of NorthMarq Capital Inc., which handled the deal, tells GlobeSt.com that the portfolio totals 222,800 sf, all in Fort Collins. NorthMarq senior director Steve Koeneke and investment analyst Dale Stewart arranged the refinancing for the borrower with one of NorthMarq's correspondent insurance companies.
The Everitt Cos. opened for business in Northern Colorado in 1953 when Robert Everitt moved his family from Oklahoma to own and operate a retail lumberyard in Fort Collins. Everitt Lumber Co. grew into a chain of lumberyards located in what were in the 1950s-era small communities in Colorado, Oklahoma, Kansas and New Mexico.
As Northern Colorado experienced continued growth during the ensuing years, Bob Everitt, along with his father, Less, ventured into the real estate development business; providing residential lots for local builders and office, retail and medical space to meet the increasing demand for services. The Everitt Cos. sold their lumber business in the early 1980s, but Bob Everitt, along with his sons David and Stan, and his son-in-law, Jack Gillum, continued to grow the residential and commercial development business. Today, it invests in and develops all type of income-producing properties.
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