It may not get the beloved California chain’s animal-style burgers into the hands of eager Coloradans any sooner, but In-N-Out Burger on Friday officially closed on deals to purchase two properties in northern Colorado Springs, according to real estate services firm CBRE.
The for-now vacant plots of land are in the growing Victory Ridge development about a half mile east of Interstate 25 off of Interquest Parkway.
In-N-Out officials in December said they were planning to build a nearly 100,000-square-foot distribution and burger-patty making facility in Victory Ridge and a 150,000-square-foot office building complete with helipad. Those facilities are expected to take up a 21.9-acre parcel at the corner of Interquest and Federal Drive the chain officially bought Friday, according to CBRE.
A second parcel, at the corner of Interquest and Voyager Parkway, will be the home of a 4,772-square-foot restaurant, In-N-Out’s first in Colorado. The distribution center is expected to open in the summer of 2020, but Carl Arena, In-N-Out’s vice president of real estate and development, said in December that the company was “still likely close to two years away from serving our first Double-Double in Colorado.”
The burger brand bought the land from Glendale-based real estate company Westside Investment Partners, which is also in the process of redeveloping the Loretto Heights former Catholic girls school in southwest Denver.
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“This is a day that In-N-Out aficionados here in Colorado have been waiting for, and we are ecstatic that In-N-Out chose Victory Ridge to put down roots in Colorado,” Westside principal Andrew Klein said in a news release.
CBRE brokers Patrick Kerscher, Whitney Johnson and Jon Weisiger represented Westside in the deal.
Johnson called the In-N-Out deals, “a testament to both the quality of development envisioned and executed by Westside and also the growing prominence of Colorado Springs as a dynamic, sought-after, thriving city,” in Friday’s release.
