The crew at New Mexico Piñon Coffee is turning up the fire on its move to a larger facility.
The business, which has grown from seven to 25 employees since the Bassett family acquired it seven years ago, is leaving its current 4,888 square-foot warehouse at 4431 Anaheim Ave. NE.
The new location in the Comanche Business Park at 2420 Comanche Road NE is 11,340 square feet.
Bassett said the business was shooting for a May move-in but that may be pushed back slightly as tenant improvements still are underway.
“We can’t skip a beat from the old location to the new,” said Bassett. Time off production, of course, is not an option for the firm, which needs to keep up with its orders.
“We’re going to have roasters in operation simultaneously between the two locations to keep up with demand,” said Bassett.
The company’s clients include Trader Joe’s stores nationwide as well as select Costcos in New Mexico and Colorado.
The business is adding a third roaster at Comanche, which means running new gas lines to the building.
With production capacity projected to double, it’s safe to say that Bassetts can proceed full steam ahead without much concern over the next expansion.
“It is the culmination of many years of hard work manifested in one space, and that is something that makes us feel very proud,” added Bassett who runs the business with his brother Kevin. “Being a small business, you are always holding things together with extra hours, sweat, and enthusiasm, hoping to just keep moving forward. But now that we have become a little bit more established and found some breathing room, we were able to do what we have always wanted.”
On Holly by go lly
Commercial brokers Thalia Toha and partner Todd Strickland of NAI Masestas & Ward are getting close to signing tenants for a growing retail center at Holly Avenue and San Pedro NE.
The team is in advanced talks with businesses looking to purvey coffee, juice, pizza and sandwiches from four retail spaces. “Agreements are not locked in, but we are very close,” said Toha of the process.
She said tenant names won’t be released until leases are signed. In the meantime, construction crews have started grading and putting in parking at the site, which is adjacent to eateries like Chipotle and Chick-Fil-A. A permit filed with the City of Albuquerque at the site provides an estimated construction value of $1.9 million.
Whoever ends up setting up shop will likely see lots of business. The high-traffic corridor is evolving into a restaurant mecca, said Toha.
Strickland and Toha are representing the property owners, whom they describe as experienced Albuquerque hotel-motel operators.
Allen Sigmon sells Hobbs investment
The Allen Sigmon Real Estate Group recently sold an 85,000-square-foot shopping center in Hobbs that it acquired in 2014.
The Albuquerque-based firm, which is busy with hotel and retail projects in Albuquerque, Las Cruces and Los Lunas, originally bought the Bel Aire Shopping Center as an investment among the company’s partners Lance Sigmon, Brad Allen, Jeff Martinez and Rob Powell.
The partners sold to an out-of-state buyer after the group improved the center and kept occupancy high despite a decline in Hobbs’ economy due to low oil prices. Allen Sigmon declined to divulge financial terms, nor did the firm provide the name of the buyer. The center has big box stores Big Lots and Family Dollar, and smaller storefronts and restaurants including Verizon and Japanese Steakhouse and Sushi Bar. Only 3,000 square feet of the center is vacant.
Steve Sinovic is the real estate reporter for the Albuquerque Journal. News items can be sent to him at email@example.com. Or call 505-823-3919.