{"id":1004693818,"date":"2023-12-13T00:58:42","date_gmt":"2023-12-13T08:58:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004693818"},"modified":"2023-12-13T03:51:06","modified_gmt":"2023-12-13T11:51:06","slug":"industrial-coworking-firm-inks-52-ksf-lease-in-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-coworking-firm-inks-52-ksf-lease-in-phoenix\/","title":{"rendered":"Industrial Coworking Firm Inks 52 KSF Lease in Phoenix"},"content":{"rendered":"<div id=\"attachment_1004693820\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004693820\" data-attachment-id=\"1004693820\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-coworking-firm-inks-52-ksf-lease-in-phoenix\/4750-s-44th-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"4750 S 44th Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;4750 S 44th Place spans nearly 80,000 square feet in suburban Phoenix. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg?w=1000\" class=\"wp-image-1004693820 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg?w=300\" alt=\"4750 S 44th Place4750 S 44th Place\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/4750-S.-44th-Place-e1702371280363.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004693820\" class=\"wp-caption-text\">4750 S 44th Place spans nearly 80,000 square feet in suburban Phoenix. <em>Image courtesy of CommercialEdge<\/em><\/p><\/div>\n<p>Industrial coworking firm <strong>Loloft <\/strong>has signed a leasing agreement with <strong>Workspace Property Trust <\/strong>for 51,902 square feet at 4750 S. 44th Place in Phoenix. Member move-ins will commence in 2024\u2019s second quarter, while preleasing is already underway.<\/p>\n<p>The location will provide a mix of <a href=\"https:\/\/www.commercialsearch.com\/news\/the-rise-of-co-warehousing-whats-the-appeal\/\">shared micro-warehousing<\/a> and coworking space, with available spaces ranging from 125 to 1,500 square feet. Amenities at the property will include 24-hour access, reception with guest check-in, mail handling, kitchen and common-area workspace.<\/p>\n<p>Completed in 2007, the property spans 79,496 square feet and is part of the larger Cotton Center business park, which encompasses 12 buildings totaling more than 1.2 million square feet\u2014according to CommercialEdge data. It is wholly owned by Workspace Property Trust, which acquired the building in 2016, the same source shows. In 2018, 4750 S. 44th Place became subject to a $15.3 million loan from <strong>Wells Fargo Bank<\/strong>.<\/p>\n<p>Located near Interstate 10, the building is roughly 8 miles from downtown Phoenix, less than 5 miles from Phoenix Sky Harbor International Airport and some 4 miles from Tempe, Ariz. The property marks Loloft\u2019s second venture. The company was founded in 2021 and debuted with a location in downtown Rogers, Ark. Its growth plans call for an expansion into markets such as Minneapolis, Kansas City, Portland, Ore., and Tampa, Fla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Member move-ins will commence in the second quarter of 2024.<\/p>\n","protected":false},"author":3120,"featured_media":1004693820,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,21748,21742,1601,15],"tags":[33215],"class_list":["post-1004693818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-industrial","category-latest","category-phoenix","category-west","tag-wells-fargo-bank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial Coworking Firm Inks 52 KSF Lease in Phoenix - 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