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Broomfield-based The Allen Company buys 20 acres for new Louisville campus

Posted on: May 26 16

by: admin

LOUISVILLE — Sporting goods manufacturer The Allen Co. Inc. — which in 2011 received an incentive offer from the city of Louisville to relocate there from Broomfield commercial office— closed recently on the $2.27 million purchase of a 20-acre commercial real estate site in the Colorado Technology Center business park where it plans to build a two-building, 313,290-square-foot campus.

Officials for the 46-year-old company, which makes hunting, fishing and other outdoor gear, could not be reached for comment Monday.

But the reinstatement of a planned unit development for the site from December indicates that The Allen Co., based at 525 Burbank St. in Broomfield, is once again planning a move to Louisville.

Buckeye Investments LLP, an entity registered to The Allen Co. president George Cavanaugh, bought the land at the southwest corner of Boxelder and South 104th streets from California-based real estate investment firm Hill Properties. Local commercial real estate broker Andrew Freeman represented Hill in the sale, and said Monday that he believes The Allen Co.’s plan is to break ground in the fall, with construction likely to take about a year.

Freeman said The Allen Co., has had the site “under control” for the past five years.

In 2011, the company was approved by the city of Louisville to build the two buildings totaling 313,290 square feet on the site for office and manufacturing space. The city also approved an incentive package that included rebates on building use tax and permit fees worth an estimated $123,500.

Those incentives expired at the end of 2012. The PUD, meanwhile, expired in 2014. But officials for The Allen Co. last fall applied for reinstatement of the same PUD and received city council approval on Dec. 15.

The council’s Dec. 15 agenda packet indicated that The Allen Co. had 135 employees at that time. According to a 2011 BizWest story on the incentives, that’s down about 15 people from five years ago.

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