Poudre Bay, in partnership with The Venture Group, acquired 2303 2nd Ave in April, 2024. The property consists of two buildings, a 13,892 SF industrial building and a 8,712 SF industrial building. The lot size is approximately 3.44 acres. The Property is in Greeley, CO along the major industrial corridor of US Highway 85. Greeley is well positioned as it is the largest city in Weld County, which is the major industrial, agricultural, and oil and gas County in Colorado, which drives industrial real estate demand. The Greeley, CO MSA is also consistently one of the fastest growing MSA’s in the nation and is the fastest growing MSA in Colorado.

Poudre Bay acquired the property vacant. Poudre Bay added value by improving the property and immediately leasing the vacant building to a publicly traded corporate industrial tenant on a long-term lease. The asset is now being held for investment.