DENVER — The 54-year-old Denver Mart – which was supposed to enjoy a second life after new owners came in 2013 promising millions in upgrades – closes its doors March 31 mired in debt and at least one breach of contract lawsuit.
Retail tenants and show producers were notified abruptly Feb. 12 with a letter stating “The property since March 2020 has been default with its lender, is now being placed into receivership proceeding, and will be sold through this receivership process by the end of March 2021.”
> Video above: Pandemic forces Denver Diner to close.
The letter was from CEO Todd Herrick.
Denver Mart enjoyed a high-profile location off 58th Avenue and Interstate 25, and offered an 807,000-square foot facility on 34 acres to some 100 trade shows annually like the Tanner Gun Show and a drive-in theater in recent years.
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