Jessup, the landlord, seeks $256,134, plus costs, to compensate it for unpaid rent.
Jessup Farm is the artisan community located off Timberline Road in Fort Collins. At one time, Reve Fitness, a boutique studio, was located there at 1981 Jessup Drive. Reve was part of the Miramont group of fitness facilities that owner Clifford Buchholz sold in November 2017 to Genesis Health Clubs. Genesis and Club Reve were affiliated with the Wichita, Kansas, operation of GHC Reve Operator LLC.
Club Reve, as described in a suit filed in late February, entered into a lease-termination agreement in August 2018 with Jessup Farm. Subsequently, Outdoors Inc., which did business as Peloton Cycles, signed a new lease. Club Reve and its parent company, GHC Reve Operator,, in a deal guaranteed by Buchholz, agreed to pay any rent that Peloton failed to pay.