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In the News
Sandia Area Federal Credit Union Announces Centralized Operation Facility
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One of the largest credit unions in the state, Sandia Area Federal Credit Union in July announced plans to centralize its operations in a facility near the Journal Center.
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The financial institution is partnering with Momentum, a national design firm based in Seattle, to transform the 48,000 square-foot building at 3721 Rutledge Road NE into its new operations facility. Lisa Urrea of Allen-Urrea Commercial Brokerage represents Sandia Area Federal Credit Union.
TOP GOLF to Open in Albuquerque Venue on Friday February 5th, 2021
After years of recruitment, a summer of debate over incentives and more than 23 months of construction, Topgolf will tee off in Albuquerque on Friday.
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Topgolf announced Monday that by the end of the week, guests can visit and play at the three-level entertainment center at 1600 Desert Surf Cir NE. Topgolf has 72 outdoor hitting bays that will require reservations and be limited to six people per bay with Covid-19 social distancing guidelines in place. Rates for each hitting bay range from $25 to $45 an hour depending upon what time a guest would reserve the bay.
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The indoor common areas will also be off-limits because of the Covid-19 protocols.
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In addition to the hitting bays, Topgolf offers a food and drink menu that includes beer from Bosque Brewing Co., Marble, La Cumbre and more as well as a rooftop terrace with a fire pit and private event space.
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“We are so pleased to welcome the community of Albuquerque into our newest venue to enjoy the Topgolf experience,” said Topgolf CEO Dolf Berle in a prepared statement. “A safe and enjoyable experience is our top priority, and our guests can be confident in the safety protocols we have in place so they can focus on simply having a great time while playing in our outdoor hitting bays.”
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Topgolf could not be immediately reached for comment.
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Topgolf's expansion into Albuquerque has been years in the works. Business First reported Lisa Allen-Urrea of Allen-Urrea Commercial Brokerage had been working on filling the 14.4 acres at the southwest corner of Montaño Road and Interstate 25 as early as 2013 when she struck up a conversation with Topgolf as a possible tenant. Three years later, Albuquerque had made Topgolf's short list before it announced it was actively pursuing an Albuquerque location in 2018.
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Topgolf originally targeted a spring 2019 opening date before it broke ground in February 2019. At the time of its groundbreaking in Albuquerque, Topgolf hoped to be open by summer 2020.
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Lisa Allen-Urrea named one of the Top 100 Commercial Real Estate Influencers
American Business Journals feature "Influencers: Commercial Real Estate" spotlights executives making moves in the CRE space in cities across the country. The 100 individuals identified in the feature represent both large, nationally known firms and smaller, locally focused businesses. Some of their names, and their companies’ names, might be familiar to you; others you might be seeing for the first time.
These executives were identified in conjunction with editors and staff writers across The Business Journals’ network of more than 40 publications. Each has been featured as part of The Business Journals’ continuing coverage of the newsmakers in those cities.
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3 ABQ leaders named to national list of key real estate execs for 2019
These executives were identified in conjunction with editors and staff writers across The Business Journals’ network of more than 40 publications. Each has been featured as part of The Business Journals’ continuing coverage of newsmakers in those cities.
Read the FULL ARTICLE
Top 100 Commercial Real Estate Influencers in U.S.
ALBUQUERQUE, NM, October 30, 2019 /24-7PressRelease -- Lisa Allen-Urrea has been inducted into Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.
The president of Allen-Urrea Commercial Brokerage in Albuquerque since 2018, Ms. Allen-Urrea holds unequivocal knowledge in the commercial real estate industry. She is skilled in retail investment sales, land acquisition, landlord and tenant representation and retail development. Ms. Allen-Urrea wakes up each morning ready to work with her clients to negotiate their best outcome. It can be said she was destined for this role, as her grandfather, Joseph A. Goeke Sr. owned and operated Goeke & Co. Realtors in St. Louis, Missouri. From a young age her curiosity about her grandfather's business gave rise to her interest in real estate; his integrity, faith and family fun loving nature had a profound impact on Ms. Allen-Urrea, and as soon as she could, she followed in his footsteps.
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Before spearheading her company, Ms. Allen-Urrea found success as the senior vice president of Sedberry & Associates in Albuquerque from 2003 to 2018. During her tenure at Sedberry & Associates, she was mentored by its President, John Sedberry and the President of Strategic Asset Management, Jim Trump. Both business leaders entrusted Ms. Allen-Urrea with years of invaluable real estate acumen and counsel serving as a catalyst for her success.
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She attended New Mexico State University earning a Bachelor of Business Administration earning a double major in marketing and economics. After graduation, Ms. Allen-Urrea was selected as Miss New Mexico USA travelling the state talking with high school students about achieving their dreams. She notably concluded her studies at the ICSC John T. Riordan Global School for Professional Real Estate Development in 2014; she completed all course offerings at the Keith Cunningham School for Entrepreneurs and Tony Robbins Success and Fulfilment coursework in 2017. Currently, she is mentored by Dan Sullivan through his 10x Strategic Ambition Program.
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Ms. Allen-Urrea was recognized among the Top 100 National Commercial Real Estate Influencers in 2019. She is a member of the Commercial Real Estate Development Association (NAIOP), the International Council of Shopping Centers (ICSC) the Commercial Association of Realtors of New Mexico (CARNM) and Delta Sigma Pi.
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Outside the office, Ms. Allen-Urrea tries to keep an active profile within the community. She served as governor appointed, vice chair for the deaf and hard of hearing; board member of Presbyterian Ear Institute, director of the Go Red for Women Heart Association's Campaign, and for many years taught preschoolers at Bible Study Fellowship children's program.
While Ms. Allen-Urrea enjoys her career, her favorite part of life is being with her friends and family especially her two sons, Cisco and Keenan. She was fortunate to be raised in a large family. Ms. Allen-Urrea is the middle child of seven with three older brothers and three younger sisters. Her parents, Colonel Terence Allen-USMC and June Allen-Axness had a natural gift of hospitality. She grew up celebrating life's events with a party; it seemed the whole world was welcome to join the family sharing a great meal, interesting conversation and lots of laughter. Ms. Allen-Urrea enjoys travel, hiking, playing golf, reading, country western dancing and like her parents celebrating life with her two sons and all she holds dear. It is no surprise that the foundation of her life is faith, family, friends and fun!!
Ms. Allen-Urrea attributes her success to those who have invested themselves in her life and these few skills honed over years of daily practice; a deep curiosity for what success looks like to her clients matched by a strong drive to deliver on their outcome, courage to recognize and walk through doors of opportunity when presented, patience as the deal-making process unfolds, lifetime pursuit of knowledge and mentorship by family, friends and key business leaders whose shared wisdom is at the very core of her success!
The Chipotle craze is finally coming to Santa Fe.
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Chipotle Mexican Grill will open its first Santa Fe burrito restaurant in the fall at the Crossroads Center at Cerrillos Road and St. Francis Drive.
Chipotle will be the flagship for a spiffed-up Crossroads Center.
The center’s parking lot will be resurfaced and restriped, and new lighting and landscaping will be installed, said Lisa Allen-Urrea, broker at Allen-Urrea Commercial Brokerage, who represents the owner of the largest share of the 1.8-acre Crossroads Center.
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“[Crossroads Center] is needing the attention we are giving it,” Allen-Urrea said. “The potential has always been there. I think in the past it was comfortable where it was.”
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Chipotle has scouted Santa Fe for a few years and has been in negotiations with the Crossroads Center for more than a year, Allen-Urrea said.
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Chipotle will fill the building previously occupied by The Mattress Store that closed in October 2017. But the 3,600-square-foot structure will be expanded by 1,500 feet toward Cerrillos Road.
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“Chipotle can be visible when all those cars per day are sitting at the busiest intersection in Santa Fe,” Allen-Urrea said.
Cerrillos and St. Francis is one of the busiest intersections in the city, but the New Mexico Department of Transportation does not track traffic at intersections, spokeswoman Rosanne Rodriguez said.
Chipotle will fill about 2,500 square feet, with another 2,570 square feet available for lease in the same building. Another 3,600 square feet next to Susan’s Fine Wine and Spirits also is available for lease.
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“We are negotiating strongly on both of those,” Allen-Urrea said. “Two years out, Crossroads will have a great blend of local and national tenants.”
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What will become the Chipotle building was fenced off at the start of March, with construction expected to begin this week.
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Chipotle has eight stores in New Mexico but is a latecomer the Land of Enchantment. The first of five Albuquerque stores opened in 2011, a Clovis outlet opened in 2017, and Farmington and Las Cruces followed in January and February of 2018, respectively.
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Chipotle was founded in Denver in 1993 and remained headquartered there until moving the corporate office to Newport Beach, Calif., last summer. The company first expanded beyond Colorado in 1998.
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Chipotle survived an E.coli food-safety crisis in 2015 that sickened 55 people in 11 states, mostly in Oregon and Washington, and 43 restaurants were closed in those two states. Chipotle owns and operates all its restaurants, unlike the usual franchising model employed by large national restaurant chains.
Behind the deal: Topgolf’s drive to ABQ was six years in the works
SOLD
By Ron Davis – Reporter, Albuquerque Business First
a day ago
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Lisa Allen-Urrea found out about Topgolf when she was at a convention in Dallas in 2013 to see possible new tenants.
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After touring a new Topgolf location, she thought the company would be an ideal fit for a site she was trying to fill.
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From there, Allen-Urrea, who was the commercial broker on the southwest corner of Montaño Road and Interstate 25, struck up a conversation with Topgolf about possibly expanding to the site.
At the time, Topgolf had its sights set on expanding to larger markets. But after many phone calls, dozens of in-person meetings among Allen-Urrea's team and the Albuquerque City Council and Bernalillo County — and a summer of debate on incentives, the Dallas-based sports entertainment venue is finally making its move to the Duke City as it broke ground Wednesday.
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Topgolf is set to open in Albuquerque in summer 2020, according to the company. View the accompanying slideshow to see photos of Wednesday's groundbreaking.
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"Our goal from the start was to enliven this corner with a development that enhanced the city of Albuquerque and bring a destination tenant," Allen-Urrea said. "By Topgolf locating here, they can serve the entire city — that's the way I envisioned it and that's the way the sellers envisioned it, and I think in the end, that's what Topgolf also saw."
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Albuquerque Investors LLC is the developer behind the project. Drew Snyder of Albuquerque Investors said along with appearing at city and county commission meetings and spearheading the public-private partnership, his team's roles were land acquisition and getting the site ready for Topgolf to build on. CBRE helped facilitate site selection for Topgolf, officials said.
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The Albuquerque Journal reported that Illinois-based ARCO/Murray will be the project's general contractor.
Snyder and Allen-Urrea credited the City Council and Bernalillo County for being proactive and working with Topgolf to complete the deal. City Councilor Diane Gibson, whose district is where Topgolf will be located, said she's had several meetings with Topgolf and found it a good deal for a site that sat vacant for years.
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"This is a return on investment in public dollars that we don't see in Albuquerque very often," she said.
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Topgolf was a hotly debated project over the summer between Mayor Tim Keller's administration and the Albuquerque City Council, particularly the incentives the Council ultimately ended up passing. A $2.6 million incentive package was vetoed by Keller before the City Council overrode his veto in a 7-2 vote in August.
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Gibson said she appreciated the Keller administration's willingness to keep the project moving forward after the veto override.
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"To start with just a thought in 2013 and then now we're putting a shovel in the ground — it's exhilarating, it's a part of the business that you don't get to do and enjoy every day," Allen-Urrea said. "To come from that idea and have it now become a reality and have a part in that — there's a huge team that made all this happen — but to have a part in that, it will always have a significant place in my life."
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