A group of people excitedly cut a sheer red ribbon.

Loloft debuts new Phoenix location, launches corporate partnership program and prepares for seed round

Published: 11/07/2024

Industrial coworking space Loloft’s new Phoenix facility will cater to corporations, startups and entrepreneurs

Phoenix (Nov. 6, 2024) – Loloft, the pioneer of industrial coworking, proudly announces the opening of its new 51,902 sq. ft. facility in Phoenix’s Cotton Center Business Park. This dynamic space offers a seamless blend of warehousing, private offices, coworking areas, and cross-docking solutions, all tailored to meet the flexible demands of today’s evolving businesses.

Loloft provides a scalable environment that caters to corporations, startups, and entrepreneurs, ensuring they have the resources they need to thrive. With the promise of “Local Logistics on Flexible Terms,” clients enjoy the freedom to adjust their space requirements with just 30 days’ notice. With memberships starting at only three months, Loloft liberates businesses from the constraints of traditional leases, empowering them to grow on their own terms.

“Loloft’s co-warehousing offerings and community-first focus enhances the region’s ability to accommodate companies in all stages of their business,” said Greater Phoenix Economic Council President & CEO Chris Camacho. “This industrial coworking space provides a solution that increases accessibility for companies across diverse industry verticals, empowering entrepreneurs with more options and strengthening Greater Phoenix’s standing as a forward-thinking destination for innovation and investment.”

Expansion

“Even though we are a startup with ambitious plans for rapid expansion, we understand the importance of a balanced approach to growth. For this reason, we have focused on testing and refining our model rather than following rapid expansion trends in the industry,” said Paola Ibarra, Co-founder of Loloft.

Loloft’s new Phoenix facility represents a major milestone in its U.S. expansion. Building on the success of its first location near Walmart’s headquarters in Rogers, Arkansas, the company is now targeting high-growth markets like Tampa, Minneapolis, Portland, and Dallas. With Tampa set to open in March 2025, Loloft’s strategy prioritizes sustainable growth through strategic community partnerships and prime suburban locations managed by Workspace Property Trust, a leader in the U.S. suburban office & flex industrial sector.

A group of people stand behind a red ribbon, under the large Loloft nameplate.

Ready for Seed Round

“Now, with a tested model, two operational locations, and our AI enabled tech in place, we’re ready to scale our vision alongside our investors and partners, focusing on rapid yet balanced growth as we prepare for our upcoming $10 million seed round. In addition to New York funds we are in active discussions with Phoenix based investors,” added Brendan Howell, Co-founder and CEO of Loloft.

Corporate Program

As part of its Phoenix launch, Loloft is introducing a Corporate Partnership Program aimed at enabling enterprises to expand logistics and back-office operations without the constraints of traditional long-term leases. This program offers corporate clients flexible, hybrid workspaces in prime suburban locations, complete with custom fit-outs that bring them closer to their customers. Early adopters are already leveraging Loloft’s coworking model as a scalable solution for evolving operational needs.

A Community Platform for Economic Growth

“Loloft is more than a workspace—it’s a platform to fuel business growth, connection, and economic impact,” says Paola Ibarra, co-founder of Loloft. Reflecting this vision, Loloft hosted a community-focused grand opening on November 6th, welcoming entrepreneurs, local artists, neighboring businesses, and representatives from the City of Phoenix, Greater Phoenix Economic Council, Arizona State University (ASU), and other local organizations.

Guests had the opportunity to network, showcase their work, and explore the 51,902 sq. ft. space. The event featured artwork by over 15 local artists, along with guided tours, a ribbon-cutting ceremony, and an open house for startups and investors.

About Loloft

Loloft is a venture funded high growth PropTech startup revolutionizing the warehousing industry by offering small and growth-stage companies a physical space to store and manage their products without the burden of traditional long-term leases. Known as “Industrial Coworking,” Loloft’s model provides a collaborative environment that combines architecturally designed office spaces with state-of-the-art private warehouse units ranging from 125 SF to 5,000 SF, all under one climate-controlled roof. Flexible lease terms start at just 3 months. For more information on Loloft, please visit www.loloft.com.