BusinessDen: Pizzeria owners sell East Colfax lot 18 months after purchase
They didn’t open a pizzeria, but they still made dough.
The owners of pizzeria Marco’s Coal Fired have sold an East Colfax lot where they once envisioned opening a new location, for a price nearly double what they paid 1 1/2 years ago.
Mark and Kristy Dym, acting as Marcos Coal Fired Pizzeria Colfax LLC, sold 6000 E. Colfax Ave. for $1.2 million, according to public records. They purchased it in May 2018 for $635,000.
The 0.34-acre parcel has a 4,300-square-foot building on it, which most recently housed Platinum Cleaners.
The buyer was Starfire Holdings LLC, an entity controlled by Matthew and Candace Wickstrom, records show. The Wickstroms own City Floral, a garden shop located nearby at 1440 Kearney St. A request for comment left with store staff Monday was not returned.
Mark Dym told BusinessDen that he was under contract to buy the Colfax property for years, but that the closing was delayed because of litigation involving the previous owner.
Marco’s Coal Fired has two locations, in Ballpark and Englewood. Dym said he originally planned to open another restaurant on the Colfax lot. But by the time the deal finally closed last year, he said, he had nixed those plans, and decided to just list it for resale.
Dym said that decision was partially influenced by the fact that Marco’s Coal Fired has for two years been battling a lawsuit over its name from Toledo-based chain Marco’s Pizza. The dispute, which prompted Dym’s operation to shorten its name from Marco’s Coal Fired Pizza, is still unresolved.
“All in all, it turned out fine,” Dym said of the Colfax property. “I think it’s a great neighborhood. I would have loved to develop a restaurant there.”
Dorit Fischer and Hayden Hirschfeld of NAI Shames Makovsky represented the seller in the deal. Russell Gruber of Gruber Commercial Real Estate represented the buyer.