Cognitive Solutions, a manufacturer of hand-held UPC readers and label printers for retail inventory management, leased 42,628 square feet of industrial space at 4403 Table Mountain Drive in Golden, CO.

About 30 percent of the building's space is office, 30 percent engineering and production, with the remaining 40 percent used for warehouse and distribution.

The 149,762-square-foot building is within the Coors Technology Center. It features excellent loading via dock-high doors and drive-in doors, as well as a clear height of 32 feet.  In order to accommodate Cognitive Solutions, the Landlord was required to add two additional dock-high doors and one drive-in door.

Rare Space Inc. represented Cognitive Solutions. 

Issues Addressed – APG Test Consultants was split between two facilities, one of which was owned and the other leased.  A space consolidation was in the near future for APG, as well as the acquisition of additional space, however the firm was unable to effectively negotiate a deal that would allow them space in a building providing ample power distribution and air-handling systems for the production aspect of their business.  Prior to hiring Rare Space, our client had entered into negotiations but had been unable to close a satisfactory deal.

Solutions Created and Presented by Rare Space – Needing a facility able to handle a combination of office, production, and machine shop area, Rare Space suggested that APG focus on shell space that could be built out to fulfill specific company needs.  Buildings which could handle the tenant improvements needed by APG were identified and toured.  Being able to negotiate the appropriate electrical and air-handling needs became the biggest challenge.  Once a building was selected, it was the responsibility for Rare Space to negotiate the unique tenant improvements into a turnkey lease.  Subsequently, Rare Space was not only able to contract turnkey space, but it came in well under APG’s budget.

Benefit to APG Test Consultants – APG, with the help of Rare Space, was ultimately able to consolidate their facilities into one state-of-the-art location that supported growth and improved efficiencies.  The agreed upon lease terms were below market with turnkey improvements.