Scott Seale and Max Martinez, owners and operators of MAX Clothing Stores have sold their commercial property at 264-268 Detroit St, one of the very few remaining freestanding buildings with ample parking in Cherry Creek North.
The boutique will continue to occupy the property and move to a new Cherry Creek North location to be announced at a future date. As one of Cherry Creek North’s longest-running independent businesses, MAX Clothing also maintains boutiques in Aspen and Boulder.
“Early in 2010, I stumbled upon a vacant building and envisioned it as our perfect flagship location,” said Seale, who paid $2.6 million for the 6,214 square-foot former Smith & Hawken property. “It was mid-recession when vacancy rates in Cherry Creek North were the highest we had seen in 15 years but I felt it would be a good investment for my company and bought it. Selling at this point aligns perfectly with the long-term plans of my business partner, Max Martinez, and mine and we are excited for the future.”
Roche Fore of Buell & Company represented the buyers and with Scott Seale, negotiated a sales price of $6.6 million.
About MAX Clothing Stores
With locations in Denver, Aspen and Boulder, MAX Clothing Stores represents some of the world’s most sought-after women’s elevated contemporary and luxury apparel brands. The company was established in 1985 and co-owners Max Martinez and Scott Seale have hosted charity benefits with fashion designers Diane von Furstenberg and Maria Cornejo and dressed Vanna White for a Wheel of Fortune taping and the company has been named a ‘Style Leader’ by Harper’s Bazaar Magazine and featured on GOOP.