The sale of the long-declining Outlets at Loveland mall presents the prospect of a much-hoped-for rejuvenation for one of the choicest pieces of retail real estate in northern Colorado.
Schuman Companies, a real estate investment firm in Windsor, paid $15 million for the north parcel of the property at the intersection of Interstate 25 and U.S. 34. Schuman announced the sale Nov. 21 and is expected to close later on the south parcel of the mall.
The roughly 36-acre outlet mall opened in 1994, well ahead of a number of shopping centers that have since popped up along the fast-growing northern I-25 corridor. Schuman Companies and CBRE Group, the real estate firm that arranged the sale, said the plan is to rename the mallSchuman and CBRE didn’t disclose the mall’s seller. But Larimer County property records listed Craig Realty Group Loveland as the owner.in Newport Beach, Calif., lists the Loveland mall among its shopping centers.
The floor-to-ceiling windows on storefront after storefront revealed empty spaces or, in a few cases, items on shelves that had not been cleared out.
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