Foothills

What Foothills does

Foothills is a privately-held regional shopping mall located at 215 E Foothills Pkwy in Fort Collins, Colorado, founded in 1973. The property operates 169,332 SF of retail space housing 70+ tenants, including national brands (Lululemon, Athleta, H&M, Nordstrom Rack), dining operators (Shake Shack, Longhorn Steakhouse, Bad Daddy's Burger Bar), entertainment (Cinemark XD cinema, CycleBar), and service providers (Aspen Dental, Fidelity Investments). It also operates a 3-level Activity Center managed by the City of Fort Collins.

The company's revenue model is classic landlord/tenant retail leasing — recurring rental income from leasing storefronts to national and local tenants — supplemented by common area maintenance charges and event-driven foot traffic monetization. Leasing is outsourced to SRS Real Estate (Tony Pierangeli, Erik Christopher), and property operations appear managed by Prism Places. Go-to-market is direct-to-consumer via physical destination retail, supported by community event programming (Music on the Lawn concert series, Summer Farmers Market, Makers Hive Market, fitness events, cultural celebrations), an Instagram presence (@shopfoothills), and a "Stay in the Know" email newsletter. The property draws 4.2M+ annual visitors with a 65-minute average dwell time, positioning it as the dominant retail hub in Fort Collins (ranked a Top 25 U.S. place to live).

Name

Foothills

Legal name

Foothills

Website

https://shopfoothills.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Shopping Mall Operations

NAICS

General Merchandise Retailers (455)

SIC

Retail-Department Stores (5311)

akta.pro primary industry

Regional Department Store–Anchored Multi-Category Retail (Store-in-Store) (CRAGAFAH)

akta.pro secondary industry

Regional Full-Line Department Stores (CRAGAFAA)

Keywords

• Shopping mall
• Retail leasing
• Commercial real estate
• Shopping center
• Retail property management

Headquarters

HQ city

Fort Collins

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Retail Tenant Leasing: Primary revenue from leasing retail space to national brands and local boutiques. The mall features over 70 stores across 169,332 SF of total retail space with 10,000 SF available on College Avenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Foothills operates a regional enclosed shopping mall at 215 E Foothills Pkwy, Fort Collins, CO, leasing 169,332 square feet of retail space to 70+ tenants spanning national brands, local boutiques, restaurants, lifestyle services, and a Cinemark XD theater. The mall generates primary revenue through retail tenant leases and common-area fees, supported by event programming, parking, and on-site marketing that drive 4.2M+ annual visitors with an average 65-minute dwell time.

Product overview

Foothills is a regional shopping mall located in Fort Collins, Colorado, offering a unified retail, dining, and lifestyle experience. The property features three core offerings: shopping (30+ retail stores including national brands and local boutiques), dining (15+ restaurants ranging from fast-casual to full-service), and lifestyle services (fitness centers, spa, dental, entertainment). The mall also hosts a robust calendar of community events including the Music on the Lawn concert series, Summer Farmers Market, Makers Hive Market, and seasonal celebrations. Additionally, Foothills offers commercial retail leasing opportunities for prospective tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Space Leasing Leasing of 169,332 square feet of inline and anchor retail space to national brands, regional chains, local boutiques, restaurants, and service tenants at the Fort Collins mall; contracted through SRS Real Estate as the listing brokerage.
• Common-Area Marketing and Events Programming

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SRS Real EstatecoreChannel Partner/ Reseller/ DistributorSRS Real Estate handles retail leasing for Foothills mall. Contact: Tony Pierangeli ([email protected]) and Erik Christopher ([email protected]). Manages 10,000 SF of retail space available on College Avenue and overall property leasing.

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Brookfield Property Partners: Global real estate operator with a substantial portfolio of regional and super-regional malls in North America. Comparable as a major mall landlord pursuing mixed-use repositioning strategies similar to those underway at Foothills, though with broader geographic and asset-class diversification.
• Kimco Realty: REIT operating open-air shopping centers and mixed-use properties across the U.S., with a growing focus on grocery-anchored and necessity-based retail. Comparable as a diversified retail property landlord, though its open-air format differs from Foothills' enclosed mall layout.
• Simon Property Group: Largest U.S. mall and lifestyle center REIT operating hundreds of premium retail destinations nationwide. Comparable as a publicly traded operator of large-format, multi-tenant retail properties anchored by national brands, though at vastly greater scale and geographic breadth than Foothills.
• Brixmor Property Group: REIT owning and operating a high-quality portfolio of open-air shopping centers anchored by grocers and necessity retailers. Comparable in retail landlord operations and tenant relationship management, though differentiated by its open-air format versus Foothills' enclosed mall.

Direct peers

• RPT Realty: Shopping center REIT operating open-air and grocery-anchored centers in demographically strong markets. Comparable in retail landlord operations focused on premium demographic catchments, though primarily open-air rather than enclosed mall format.
• Macerich: REIT specializing in regional malls anchored by strong national retailers in demographically attractive markets. Highly comparable to Foothills given its focus on mid-sized regional malls with similar tenant mixes including apparel, dining, and entertainment.
• Pennsylvania REIT (PREIT): Mall REIT operating enclosed and open-air shopping centers with similar anchor-heavy tenant mixes to Foothills. Comparable in mid-market regional mall operations and tenant merchandising approach, with overlapping exposure to traditional department store and specialty retail headwinds.
• CBL & Associates: REIT operating a portfolio of enclosed malls and open-air centers across the U.S., many in mid-sized markets with national-anchor tenant bases. Directly comparable to Foothills in operating model and asset profile, though with a broader portfolio and a restructuring-focused recent history.

Emerging players

• Phillips Edison & Company: REIT focused on grocery-anchored neighborhood and community shopping centers with an experiential retail emphasis. Comparable as a multi-tenant retail property operator pursuing experiential differentiation, though at smaller center sizes and different formats than Foothills.
• Tanger Inc. REIT specializing in upscale outlet and open-air shopping destinations with a national brand tenant mix. Comparable in serving apparel and lifestyle brands with an experiential retail format, though typically smaller-format and more outlet-focused than Foothills' traditional mall.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/shopfoothills
• Facebookfacebook.com/ShopFoothills
• LinkedInlinkedin.com/company/asko-processing-inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foothills