Englewood

Former Sports Authority site in Englewood sold

Investors looking at options for property development

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The West Hampden Investors partnership purchased the former Sports Authority headquarters property in the 1000 block of West Hampden Avenue in Englewood for $15.7 million.

“We really liked a lot about the site and its possibilities,” said Stu Ogilvie, one of the partners. “We are looking at a lot of possible options for the two buildings. We do have crews demolishing the offices in the north building that faces Hampden Avenue because offices won’t be a use for the building. There are rumors about what the use might be but we have no concrete plans yet. We do feel the 21-foot high ceilings in the north building create a wide range of possible uses there.”

He said there may be something to talk about by the end of May.

West Hampden Investors owns the two buildings on the site and the large adjacent paved parking lot. There is about 118,000 square feet of floor space in the north building that faces West Hampden Avenue and there are about 92,000 square feet of floor space in the second building at the south end of the property.

The property was developed to its current configuration in 1994 and the site was leased to Gart Brothers Sports in 2001. Sports Authority bought out Gart Brothers in 2003 and made the Jason Street site its corporate headquarters.

During time of full employment, about 900 people worked at the location, so there were few empty parking spots in the expansive lot.

In March 2016, Sports Authority cited debt of $1.1 billion as the reason it declared bankruptcy. The bankruptcy court ordered liquidation of all stock and fixtures at the more than 100 stores around country. The leases of more than 100 other stores — including the Sportscastle at 1000 Broadway in Denver and the Greenwood Village store at 9000 E. Peakview Blvd. — were be subject to competitive bidding in the main auction that began May 24. In June the company began closing its headquarters and eliminated 461 jobs. Portions of the headquarters were used and were finally closed in December 2016.

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