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Anatomy of a Lease: Krak Boba in Superior, Colorado

Photo rendering provided courtesy of Carmel Partners

Krak Boba signed an NNN lease for space in the upcoming 42-acre mixed-use development called Origin that is still under construction in Superior, a suburb about 17 miles northwest of Denver and eight miles southeast of Boulder. This will be the first location in Colorado for the brand and the opening date is expected to be in the fall. The ground-floor retail space will have residential housing in the upstairs units. Other tenants that have signed on to lease space in the Origin development include Menchie’s Frozen Yogurt; Halcyon Mind + Body, a Colorado-based wellness spa with four other locations in Colorado; and dessert concept Boulder Baked that has one other location in Boulder.

Tenant: Krak Boba
Location: Superior, Colo.
Square Footage: 1,168 s.f.
Developer/Owner: Carmel Partners
Property Type: Mixed-Use Building

The biggest hurdle with the leasing process was the fact that Origin had been under construction for a while, making it difficult for prospective tenants to see the big picture. The Origin site, however, is ideally situated in a strong retail hub, as it is one mile away from a power center with tenants such as Target, Whole Foods Market and Costco, and three miles away from a regional mall with tenants such as Macy’s, AMC Theatres and an Apple Store. Downtown Superior itself has plans to become a 157-acre master planned community that will ultimately include an indoor multi-sport facility and an amphitheater venue. The finished Origin development anticipates 51,000 s.f. of space for retail, restaurants and medical tenants, in addition to 1,000+ homes and 400+ apartments.

Property Representation:
CBRE
2755 Canyon, First Floor
Boulder, CO 80302
Molly Bayer, Senior Associate
(303) 870-3441
molly.bayer@cbre.com

3003 E. Harmony Road, Suite 300
Fort Collins, CO 80528
Melissa Moran, VP
(970) 372-3858
melissa.moran@cbre.com

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Linda Frabl

Frabl is the former editor and reporter of Crittenden’s Retail Tenants Report. She has several years of experience in publishing including stints as a freelance writer, managing editor, copy editor and as an editor-in-chief for two Los Angeles County-based lifestyle magazines. She has worked for Crittenden Research since 2018. She has a degree in English from the University of California, Santa Barbara, and resides in San Diego.

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