The $10.8 million sale of a Denver building will spark the introduction of a new co-warehousing concept in the Mile High City.
The brand, headquartered in California, buys traditional warehouse buildings, then flips them into co-warehousing units with shared offices. It currently oversees a property in Los Angeles.
The Denver property will be converted into rentable units spanning from 300 square feet to 3,000 square feet while the office will turn into a co-working space with desks, conference rooms, a communal kitchen and more. “It was important to FlexHQ to select a location easily accessible to metro Denver’s growing population,” said Tyler Carner, executive vice president at commercial real estate and investment firm CBRE. “As expectations move toward quicker delivery times, more companies are looking to hold their inventory closer to the end customer.”
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