CBRE Arranges Leases for Three Restaurants at Ledge Rock Center in Johnstown, Colorado

CBRE has arranged three leases totaling 8,140 SF sq. ft. for three restaurants at Ledge Rock Center, a 350-acre mixed-use development in Johnstown, Colorado. Café Mexicali, Bowl Izakaya, and Firehouse Subs will occupy the spaces at Ledge Rock Center in Q3 2025.

CBRE’s Melissa Moran and Molly Bayer represented the landlord and developer of the project, Carson Development.

Café Mexicali will occupy 3,640 sq. ft. of space in Building 9. This will be the restaurant’s sixth location in Colorado. It will be Bowl Izakaya’s second location in the state, occupying 3,000 sq. ft. in Building 10. Firehouse Subs will occupy 1,500 sq. ft. in Building 10.

“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.”

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.

“We have heard from many people how excited they are for what is to come at Ledge Rock Center,” said Mike Schlup with Carson Development. “I’m pleased with the progress of the development and leasing momentum of the project. We’re making great strides, and it’s just the beginning!”

The Denver retail market ended Q4 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.