Collector Goes from Clicks to Bricks with New Retail Store in Boulder

CBRE announced that it has arranged a lease for Magoo’s Cards, Kicks and Clothing in downtown Boulder, Colo. The location on Boulder’s Pearl Street Mall is the brand’s first physical store following a decade of online sales.

Located at 1721 Pearl Street, Magoo’s CKC is a unique addition to Pearl Street Mall. The store sells collectibles, some of which the owner has been accumulating since he was a teenager. The items range from high-end sneakers to sportswear and trading cards. The 1,250-sq.-ft. store is open now.

“Growing up, I always dreamed of creating a store that was a welcoming environment to kids as well as adults in the collector shoes and sports cards world. I was raised in a community that is very similar in style to Boulder, however, I always felt like there was a lack of physical storefronts to provide a home for this industry. I saw the potential for this endeavor when I first visited Pearl Street and instantly started to create my vision of the perfect store to put right there in town. Hopefully, the store will help grow the culture and bring youth to Pearl Street to see all the other great places we have to offer,” said Jacob Maged, owner of Magoo’s CKC.

Molly Bayer, a retail specialist with CBRE’s Boulder office, represented Mr. Maged in the lease.

“While early on some thought e-commerce would put an end to brick-and-mortar retail stores, in many cases we are seeing the opposite effect. Magoo’s CKC is an example of the clicks-to-bricks phenomenon of online stores opening physical locations. Jacob’s concept is unique and sustainable. The fact that he is savvy online and already has a huge following helps to position his brand for long-term success,” said Ms. Bayer.

Metro Denver’s retail sector continued its positive momentum in the first quarter of the year, according to CBRE research. The sector saw 85,000 sq. ft. of positive net absorption—a measure of net move ins and move outs—marking the fourth consecutive quarter of positive absorption. Boulder specifically saw over 25,000 sq. ft. of additional retail space occupied in the first three months of 2022.