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2/07/25
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There have been three leases totaling 8.1k sf for three restaurants to report at Ledge Rock Center, a 350-acre mixed-use development in Johnstown, CO. The new tenants, Café Mexicali, Bowl Izakaya and Firehouse Subs will occupy their spaces at the project in the third quarter of 2025.
Café Mexicali will occupy 3.6k sf of space in Building 9. This will be the restaurant’s sixth location in Colorado. Bowl Izakaya will occupy 3k sf in Building 10 for its second location in the state. And, Firehouse Subs will occupy 1.5k sf of space, also in Building 10.
Located at the intersection of State Highway 60 and Interstate 25, Ledge Rock Center is a newly constructed mixed-use development with 1,002 apartments and 200 single family homes, along with a variety of retail options and restaurants in the area. There are 3,200 residents within a two-mile radius of the property. Current tenants at Ledge Rock Center include Domino’s Pizza, Sports Clips, Blue Sky Salon Suites, Johnstown Vet Hospital and D’or Nails.
In these deals, CBRE’s Melissa Moran and Molly Bayer represented the landlord and developer of the project, Carson Development.
“Emerging communities like Johnstown have pent up demand for retail and restaurants, and the quick lease up of these buildings is reflective of the power of this location,” said CBRE’s Moran. “The project has an exciting new grocery concept, Woods Supermarket, opening in Q2 2025 as an anchor tenant. The grocery store will feature a cocktail bar, specialty foods prepared on site, and a scratch bakery.”
The Denver retail market ended Q8 2024 with an availability rate of 4.7%, according to CBRE Research. This represented a 10-basis-point increase from Q3 2024 and a 20 basis-point-drop from a year earlier.
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