Jackson Hole Commercial Real Estate

SmartPhones Rock!

Fri, 08 Jun 2012 11:11:34 -0700

No, I couldn't live without my computer either, but my iPhone does all that and fits in my pocket too!

• Most obviously, I can make and take calls when I'm not in the office.

• My calendar is on the phone, and it syncs to the office calendar - automatically.

• The camera is excellent. Instead of taking notes when touring property, I snap 50 pictures.

• I take pictures of documents, which are automatically turned into PDFs and filed for future reference.

• I can forward contracts, brochures, emails, etc. straight from the phone. No more forgetting to send out info when I get back to the office.

• I can log into the MLS from the phone...no more guessing about what that property was listed for.

• I can look up property taxes, the size of a building, the acreage of a lot, the owner's name, the neighbor's name, the zoning, the amount of the mortgage, see if there are any liens on a property...all while standing in front of the property!

• I can do all of these things WHILE STILL TALKING TO THE CLIENT ON THE PHONE, making me look even smarter.

• I can do all of these things while sneaking in a couple hours on the ski slope, or rafting!

• My calendar beeps at me when I need to be somewhere else.

• My calculator, calendar, camera, to-do list, Scrabble game, address book, phone book, weatherman, GPS, map books, restaurant guide, airline reservation assistant, stereo, thousands of albums/CDs, and alarm clock have all been magically shrunk down, plugged in to one another, and crammed into the phone. Simply amazing.

How did we get anything done before smartphones?

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Tim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.

365 Things to Do in Jackson Hole: No. 3

Sat, 24 Mar 2012 09:41:36 -0700

Akasha Yoga in Jackson Hole, WY consistently wins the people's choice award in our local "Best Of Jackson Hole" awards, and for good reason. The instructors, led by owner Neesha Zollinger, are talented, insightful, and downright FUN teachers. This month, Akasha Yoga is running a special: bring a friend to class and get a class for free!

Neesha is currently embarked on a European tour, teaching in Sweden, Italy, and France for the month of April. You can still follow her while she's gone, by checking out her excellent website, YogaToday, where you can take free weekly online classes. You can see the classes on YouTube too.

If you're looking for a great studio to deepen your practice, or want to dip your toes in the water, you can't go wrong here.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

The Little Firm That Could

Sun, 04 Mar 2012 19:13:32 -0800

We started our firm in May 2008, just as it became apparent that the real estate market had crashed. The firm we left, Real Estate of Jackson Hole, filed for bankruptcy in December 2008.

2008 was a struggle, and 2009 wasn't any better. But all that hard work paid off, as our new company, Contour Investment Properties, captured 52% of the commercial transactions market share in Jackson Hole (Teton County, WY) in 2010.

Turns out it wasn't a fluke...we did it again in 2011!

Call Contour Properties for your commercial needs in Jackson Hole. We lease and sell more office, retail, and warehouse property than all the other real estate companies combined. We love what we do, and our focus means results.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

We can't work ALL the time...

Tue, 13 Dec 2011 23:34:47 -0800

Not that you needed another reason, but Forbes magazine just rated the Jackson Hole Mountain Resort as the best ski area in the United States.

4,139 vertical feet of uninterrupted downhill, an average of 450 inches of snow each year, and it's the lightest, fluffiest champagne powder you could ever want. Heaven on earth, come for a visit and stay as long as you like! I've been here since 1999, and it just gets better each year.

Or take your dog our for a cross-country jaunt and take in the view...

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

1036 South Park Loop Road: Jackson Hole office/warehouse for sale - SOLD

Tue, 13 Dec 2011 23:09:42 -0800

Perfect for the non-profit or the tradesman, this 3,180 square foot office/warehouse is listed for below replacement cost. The building was extensively rebuilt by the current owner/occupant, Westbank Construction, and features high end office finishes, a complete two bedroom lock-off apartment, and warehouse storage bays.

Located on South Park Loop Road between the Maverick convenience store and the Middle School, the location has in-town convenience and good parking.

The property includes a complete set of building plans for an addition for future expansion.

Offered at $700,000, the property is very competitively priced. Call for a flyer and for comparable sales information.

UPDATE: After 6 months on the market, this sale closed in November 2011. The closing was delayed when the title report revealed the back of the building encroached onto a strip of land. Things got complicated when the ownership of the narrow strip of land couldn't be determined. An estate was finally identified, but there were apparently no surviving descendants. Eventually, the bank agreed to make the loan, and we closed! It took a lot of work by the title company, the bank, the buyer and seller, and by a very diligent surveyor. Everyone hung in there, and we got it done!

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Become a Realtor®! Make Millions!

Fri, 16 Sep 2011 11:56:52 -0700

As a mountain resort town, Jackson Hole has a high cost of living. It's expensive to live here, primarily because housing is (or was) so expensive, and because you can't actually grow food here. We do brew really good beer though. But I digress.

My last blog rambled a bit about hitting cats with a dead Realtor® and about how easy that was here, because there are so many of us. But why are there so many? Is it something in the water?

Word on the street is that it's an easy living. And with a median home price north of $1,200,000 in 2010 (less for condos and vacant lots), it's true that the average sale is going to make good money for that hard working Realtor.

But how many sales are there in a year? And how many agents are there? Hmmmm. Let's look.

The number of licensed agents in Jackson Hole more than tripled from January 1996 to January 2008. The number of sales doubled over that time frame, which means that each agent was making fewer sales. Then....well, we know what happened then. The banking system collapsed, and real estate transactions stopped dead in the water.

Since 2008, there have been fewer sales each year in this market than there are agents! Ouch.

And when you consider that the 20/80 rule is at work here (20% of the agents making 80% of the deals), I expect we've still got quite a few agents who will exit the business in the next couple of years. That's tough.

How's your market look?

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Realtors® and Dead Cats: What does your market look like?

Sun, 12 Jun 2011 23:37:38 -0700

I've been hearing how easy it is to hit a Realtor® by swinging a dead cat, so I thought I'd do a little research. I couldn't find a source that tracked dead cats, so I focused on the number of Realtors instead. In Hawaii, there's a licensed Realtor for every 161 people, but in West Virginia you'd need to whack 648 people with that cat to be sure you hit a Realtor.

I looked up the stats for my local market, Jackson Hole, WY, and WOW! Just over 400 licensed Realtors belong to the local board, and the year-round population here is just 20,000. That works out to be one Realtor per 50 people in Jackson Hole, WY! It was even worse in 2008, when there were some 1,000 licensed agents, making the ratio an astounding 1 Realtor per 20 people. One in Twenty. Think about it. Now that's competition.

Or is it? 60% of those agents have disappeared in the past two years, as the real estate market collapsed. How much business did they really do? How many were part timers, listing only family property, or getting a license because the business seemed so easy?

What does your market look like?

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole, Wyoming: Town Square Antler Arches

Wed, 08 Jun 2011 16:02:48 -0700

How many antlers does it take to make one of the Antler Arches on the Jackson Hole town square?

The Town Square has an antler arch on each of its four corners, which have served as the backdrop for countless photographs taken by visitors to Jackson Hole. We get an estimated 3,000,000 visitors each year, and I'll bet that half of them stop for a photograph in front of the arches before they head over to the Cowboy Bar for another photo op on a saddle at the bar.

The arches were built around 1950, and have slowly deteriorated. Over the past three years, two of the arches have been taken down and rebuilt with fresh antlers, and today, work crews were dismantling the third arch on the northeast corner of the square. The Rotary Club of Jackson Hole has undertaken the herculean task of raising the money and collecting the antlers necessary for the work. Thank you Rotary!

How many antlers does it take? Well, this arch will require 10,000 pounds of antlers. Work will begin next week reassembling the arch, and don't worry, no elk were harmed in the process. Elk naturally shed their antlers early each winter. These antlers mostly came from the National Elk Refuge just to the north of Jackson.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Did you know that unpaid HOA dues can survive a foreclosure?

Tue, 07 Jun 2011 23:22:06 -0700

That's right, the foreclosure does not necessarily wipe out a lien for unpaid HOA dues. I didn't know that, and apparently, neither did Bank of America.

Here's the story. I represent a buyer for a house in Melody Ranch, Jackson Hole, WY. The seller is Bank of America, who acquired the house via foreclosure a few months ago. The previous homeowner quit paying their homeowner's association (HOA) dues months before the foreclosure, and the HOA placed a lien on the property for the unpaid dues. After the lien was filed, the bank foreclosed.

My buyer put the property under contract, and the title company prepared the closing statement. The title commitment showed the HOA lien as an encumbrance, and the closing statement showed that the seller would have to pay the amount of the lien, just under $1000. Bank of America (Seller) protested the charge, saying that their foreclosure should have wiped out the HOA lien, since the Bank of America mortgage was a first lien, and predated the HOA lien. Seemed reasonable to me.

BUT, buried in the Covenants, Conditions, and Restrictions (CCRs) for Melody Ranch was a paragraph that asserts that any lien placed by the HOA will be a superior lien to any mortgage lien placed on the property AFTER THE DATE OF THE CCRs. Who knew you could do that?

So our closing was supposed to be last Friday, and the lawyers have been arguing about this for a week. The attorney for the homeowner's association is very confident the lien must be paid, and has been down this road before, so I believe him.

It makes me wonder how many lenders read the CCRs before they make a loan, and if they would agree to make that loan if they knew their loan would be subordinate to the HOA dues.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Well, we almost had a closing today...

Fri, 03 Jun 2011 23:29:11 -0700

Except that the seller, a bank, decided at 4pm to contest the lien placed on the property by the homeowners association. The bank foreclosed on the property 5 months ago, and the lien has been on the property since foreclosure. Why did they wait until 4pm on the day of closing? Who knows. The title company says it's a valid lien, and the treasurer of the HOA confirmed the amount, again, today.

Sigh.

Perhaps we'll close on Monday. My buyer remained in good spirits. He is getting a GREAT deal on the house, so I suppose it comes with some hiccups...

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

85 Perry Street, Jackson, WY: Beautiful Bed & Breakfast for sale in Jackson Hole

Mon, 30 May 2011 14:20:33 -0700

Love the mountains? Love people? Come live the Jackson Hole lifestyle and run this beautiful bed & breakfast inn in downtown Jackson Hole, Wyoming! The Grand Victorian Lodge is a modern building with all the amenities needed to successfully compete. Jackson draws approximately 3,000,000 tourists per year to see Grand Teton and Yellowstone National Parks and to enjoy our bountiful wildlife, stunning mountains, and the fishing and rafting on the Snake River.

Call for details and a tour of Jackson Hole! Come for a vacation...stay for a lifetime.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

River View, Riverfront, in the River!

Sat, 21 May 2011 17:10:12 -0700

Real estate in Jackson Hole tends to be expensive, but here's some bargain property! Last Friday, this parcel had a lovely view of the Snake River. By Sunday, it was riverfront property, and since then, it's been heading downstream...

What doesn't end up in the Snake is being hauled off by the Wyoming Department of Transportation. The heavy winter snowpack and wet spring caused this drainage to slide off the hillside, blocking Highway 89/26 between Hoback Junction and Alpine. The slide covers 300 feet of the highway, is 40 feet high, and extends over 2,000 feet from the top of the slide to the river. Highway engineers estimate it will take a week to clear it off the road, once the slide quits moving. At one point it was moving at a foot per minute, but as of today, it was down to a foot per hour.

So is it still real estate if it's moving?

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

365 Things To Do In Jackson Hole, WY: No. 2

Sun, 15 May 2011 00:20:17 -0700

Join Rotary in the Spring Cleanup!

The second Saturday in May each year is the annual Town Clean Up, sponsored by the lunch Rotary Club. Jackson Hole is covered in snow from November to April, and when it finally melts, the roadsides have accumulated a lot of litter. Who still throws garbage out of their cars anyway??

The Rotary Club sponsors a cleanup day every May. The day starts with coffee, juice and donuts on the Town Square, and then friends and businesses all set out for different areas of town and sections of the highway. Trash bags are donated, hundreds of people show up to participate. The work only takes 2-3 hours, and then everyone meets back at the Square for a huge free hamburger cookout, live music, and storytelling.

Everything is donated, so all you need is a good attitude and some work gloves.

Our best find today was a small bottle of nipple cream. How exactly do you lose a bottle of nipple cream on the side of a highway?

To find the best place to pick up trash, or to learn about the Jackson Hole commercial real estate market, call me!

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: As nice as Abbottabad?

Sat, 07 May 2011 22:42:47 -0700

What do Abbottabad, Pakistan and Jackson Hole, Wyoming have in common?

A. Home to wealthy second homeowners

B. Beautiful mountain setting with wildlife, wild rivers, and wild nightlife

C. Politically tolerant haven in a conservative stronghold

From the Yahoo News story about Abbottabad:

"Abbottabad is a mountain city of approximately 120,000 people in the northern region of Pakistan. It has a reputation for greater tolerance than many other cities in the conservative northern region—largely because it has been home to many foreigners and outsiders over the years. It is a retirement town known for protecting the privacy of its wealthier inhabitants—the Jackson Hole of Pakistan, to put it in American terms."

Well, they say any press is good press, so I guess I won't complain. But for my money, Jackson Hole is home!

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Today was a good day

Fri, 06 May 2011 23:16:23 -0700

It's been a pretty stressful couple of weeks, with lots of deadlines weighing on me. I haven't gotten to a yoga class or gotten any exercise all week, and I'm wearing thin.

But today was a good day. I closed a lease, finished an appraisal, got a new office building listing, got a funny email from a friend, got a free lunch, and saw my not-quite-one year old daughter take a few triumphant steps.

Hell, it was a GREAT day!

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

365 Things To Do In Jackson Hole, WY: No. 1

Tue, 29 Mar 2011 23:17:53 -0700

Cut your own Christmas Tree!

For $5, you can get a Forest Service permit to cut down a 12' tree. With Jackson surrounded by literally millions of acres of National Forest, getting a Christmas tree is a family event here in snow country. This year, by early December, the snow was already too deep to go to our usual stomping grounds to look for a Christmas tree. We drove out to the turnoff, but the road easily had three feet of snow on it, so that was out.

So, we headed out the back door and up the hill. The dogs were helpful, as usual, and we found a perfect tree less than a quarter mile uphill from the house. Sweet!

I think next year, we'll head straight back up this way, but I'm bringing my snowboard with me to make a couple of downhill runs while I'm at it.

It's almost April now, and ski season ends next week, so I thought I better get a snow blog posted quick!

To find the best place to get a Christmas tree, or to learn about the Jackson Hole commercial real estate market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

David Topples Two Goliaths

Sun, 27 Mar 2011 19:36:19 -0700

There are two very large real estate companies in Jackson Hole, and a host of smaller ones. Sotheby's International Realty, with some 119 licensed agents, loves to advertise their dominant market position, created, of course, by virtue of the number of agents in the office. The second largest firm, weighing in at around 88 agents, is Jackson Hole Real Estate Associates, and their advertising emphasizes that they are the largest locally owned real estate company. They both love to tout their international affiliations.

Contour Investment Properties has three agents in Jackson. And it turns out, it's not how big you are, it's what you know and what you can do. And Contour Investment Properties knows commercial real estate.

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: 115 West Broadway / Wort Plaza

Thu, 10 Mar 2011 19:14:58 -0800

This historic Jackson Hole building, formerly known as The Roundup, was sold on February 11, and the new owner has wasted no time renovating the building. The interior has been completely gutted, and with a lucky break in the weather, the roof was completely torn off yesterday. Everyone hopes the clear weather holds, since the new roof trusses don't arrive til next week. If not, they'll be shoveling snow off of those hardwood floors!

Tenant interest in the building has been strong, no doubt spurred on by two front page newspaper articles discussing the sale and renovation. This has been a single tenant building all of its life, but is being remodeled with six leaseable bays. In the first two weeks of listing the building for lease, we had offers for five of those bays, and we now have two offers for the last unit. It sure is nice to see that much demand and optimism from retailers!

The owner plans to have the building back open for business by May 15, in time for Memorial Day weekend, which is the traditional kick off day for the summer tourist season here in Jackson, southern gateway to Yellowstone National Park.

Here are a few pictures I took of the building today.

For further information, or to learn about the Jackson Hole commercial real estate market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: 115 West Broadway / The Roundup Building

Mon, 14 Feb 2011 18:12:49 -0800

It's the end of an era for this historic building in Jackson Hole, and the start of a new one. The Roundup building, as it has come to be known, was originally built in 1947 as a small retail store. In 1980, the original 1,750 square foot building was enlarged to over 12,000 square feet. The original structure was retained, and a new building was added on to the back of the first building.

One tenant occupied the building for the virtually all of its life: The Roundup. The Roundup sold cowboy boots and hats, and for the last 30 years, lots of postcards and tourist-oriented Western themed kitsch. Alas, all things come to an end. The Roundup's lease expired at the end of 2008, and the family that had owned the building all those years sold to an investor. The economy ground to a halt, and that investor decided not to pursue his plans of a remodel, instead reselling the building.

That new owner takes title to the building tomorrow, and plans to restore the building. It will be renamed Wort Plaza, reflecting the grand historic Wort Hotel directly across the street. New tenants are negotiating terms in the space, which should be open for business this summer.

And so a new era begins!

I'm proud to have brokered the sale of this building twice, and am working closely with the new owner to fill it with new, upscale tenants. We look forward to showing off the newly revitalized building, and see it full of happy vacationers and local shoppers!

For further information, or to learn about the Jackson Hole commercial real estate market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Never Too Weak to Wander

Sun, 13 Feb 2011 14:31:34 -0800

A common theme in Jackson Hole is the story of the person who came here it visit for a week or a summer, and who finds themself still here years later. Jackson has a magnetic pull on people's souls. Why?

Well, it's certainly a stunningly beautiful place, but I don't think that's why people stay. They stay because our community is simply amazing. This is a community that looks out for its members, a community that is incredibly supportive. And as part of that community, I'd like to tell you about a local non-profit established in Jackson Hole.

It's called Never Too Weak to Wander, and it is a registered 501(c)(3) non-profit, which means your donations are tax deductible. The founder is Dina Mischev, who was diagnosed with Multiple Sclerosis (MS) a few years ago, but who has hardly let that slow her down. In fact, she has used it as the motivation to do even more.

Despite her diagnosis, in February 2009 Dina set the world record for the most vertical feet skied uphill by a woman in 24 hours. Now, she's tackling something even more impressive: raising funds to help others with MS to see the world and not be bound by the limitations MS seeks to impose.

That attitude, multiplied by an entire community, is what makes Jackson Hole so special. I invite you to come see for yourself.

For further information, or to learn about the Jackson Hole commercial real estate market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

In Jackson Hole, we don't complain about the snow, we PLAY in it!

Sat, 12 Feb 2011 22:42:46 -0800

Don't get mad at the snow...come live in a winter wonderland! It was a beautiful day today, with temperatures in the high 20s, and the sun was shining brightly. We snowshoed out to Taggart Lake in Grand Teton National Park, and made it home in time for fresh chocolate chip oatmeal cookies and a spectacular sunset over the Snake River.

You can see the red glow of the sun reflecting off the Snake River between the mountains and the houses. Just another gorgeous day in paradise...

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: 150 E Hansen / Akasha Yoga

Tue, 08 Dec 2009 18:08:38 -0800

Here's another tidbit of Jackson real estate history. This building is located on the corner of Willow and East Hansen in east Jackson, but it started life as a schoolhouse on West Broadway where New York Subs (another Jackson Hole favorite!) is now located.

After the schoolhouse was moved, the building was home to Wind River Herb Factory, and then was the home to The Yoga Room, operated by Margot Snowden. I took my first yoga class from Margot in this building in 2000, shortly after moving to Jackson from Dallas. Neesha Zollinger took over the yoga studio in 2005, renaming the business Akasha Yoga. The building has a great vibe, which Neesha attributes to its having been used for education and healing for so many years.

Neesha and her talented group of fellow yoginis do a great job continuing the good vibe of the building with Akasha Yoga. Drop in some time and take a class!

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: 15 E Deloney / Jackson Drug Building

Sun, 29 Nov 2009 20:50:41 -0800

This iconic Jackson Hole building is right on the Town Square, and was home to Jackson Drug for decades. Generations of visitors to Jackson Hole remember getting an ice cream shake at the famed soda bar in the building. Built in 1932, the building has a stacked stone foundation, a basement, and two floors above ground. The ground floor was home to the soda fountain and Jackson Drug, and the second floor had an apartment that was home to many generations of ski bums.

When the druggists decided to retire in 2001, we brokered the lease of the building with a purchase option in the lease. The new tenants exercised the purchase option in 2005. They remodeled the building beautifully, adding structural supports, rewiring the interior, redoing the apartment upstairs, and upgrading the facade of the building. The soda fountain was taken out, and the building became home to the Davies Reid Gallery, showcasing fine rugs from Pakistan along with art and curios from around the world.

In a sign of the times, the building was recently posted for foreclosure. The owners listed the building for $6,975,000 early this year, and the price has now dropped to $5,400,000.

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: New Office For Lease

Wed, 20 May 2009 18:45:28 -0700

690 South Highway, Jackson, WY

The building will be complete and ready for occupancy in September 2009. Designed by Steve Dynia, the building will be anchored by a family style Italian restaurant on the ground floor. The building offers tremendous natural light with floor to ceiling glass walls providing views to the south, east, and west.

There is a retail unit still available on the ground floor, providing a tenant maximum exposure to the corner of South Highway 89 and Meadowlark. On the second floor, available office suites range from 735 square feet to as large as 2,746 square feet. Lease terms from three to ten years are available. Lease rates begin at $25 per square foot per year, plus building expenses estimated at an additional $5.50 per square foot per year.

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Jackson Hole: Town Square Office For Sale

Wed, 20 May 2009 18:20:04 -0700

Located at 36 East Broadway in downtown Jackson, this building is located on the south side of the Town Square. The building has been turned into a commercial condominium, and the unit offered here is on the top floor and contains 2,545 square feet. The space has been previously used as a day spa and as offices for an landscape design company. The unit is offered for sale at $1,081,000.

For further information, or to learn more about the Jackson Hole commercial market, please contact:

Tim Bradley
Owner/Broker
Contour Investment Properties
220 East Broadway
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com

Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com