Workspace Property Trust announced that Loloft, an innovator in the industrial coworking industry, has leased 51,902 square feet of space at 4750 South 44th Place in Phoenix, Arizona. Loloft, formed in 2021, has created a unique industrial coworking model combining shared warehousing with coworking space for startups, companies, and other entrepreneurs looking to grow their business while optimizing company resources. Workspace owns and operates suburban office and light industrial buildings in 14 of the top 20 US metropolitan areas and has owned the 4750 South 44th Place property since 2016.

Workspace is focused on providing office and industrial space solutions to tenants across the country by offering a wide array of high-touch amenities and services that both the Fortune 1000 and smaller businesses demand. Loloft will take possession of 51,902 square feet of the property on January 1st, 2024. Space will be available for members to move in the second quarter of 2024, with flexible lease options as short as 30 days, and spaces available ranging from 125 to 1,500 square feet.