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FlexHQ plans to transform a 76K SF property it acquired at 5180 Fox St. in Denver into a co-warehousing concept that will include shared and private office spaces as well as rentable warehouse units.
The company paid $10.8M for the property, which will be its first Colorado location. FlexHQ is headquartered in Beverly Hills, California, and was founded and backed by Storage Etc., a self-storage investment and management company.
FlexHQ plans to renovate the office space into a co-working layout with shared and private desks, conference rooms, call booths, printing services and a communal kitchen. The warehouse space will be partitioned into rentable units ranging from 300 SF to 3K SF.
“FlexHQ meets a specific need for businesses that require more sophisticated logistics support than self-storage without the long-term commitment of traditional warehouses,” FlexHQ co-founder Laurent Opman said in a news release. "We offer tenants flexibility, amenities and convenience in targeted locations. Denver is home to a growing population not easily served by another large metro area, and we view it as an essential market in our national growth strategy."
CBRE Executive Vice Presidents Tyler Carner and Jeremy Ballenger and Senior Vice President Jessica Ostermick represented FlexHQ in the acquisition. CBRE Senior Vice President Bill Thompson and Executive Vice President Mike Camp represented the seller.
“It was important to FlexHQ to select a location easily accessible to metro Denver’s growing population,” Carner said in a release. "As expectations move toward quicker delivery times, more companies are looking to hold their inventory closer to the end customer."
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