Arkansas Business Staff
Oct 11, 2022
https://www.arkansasbusiness.com/article/141785/startup-loloft-to-open-flagship-location-in-rogers
Loloft, a new concept marrying flexible micro-warehousing and office co-working space, has announced an opening date of Nov. 28 for its flagship location in downtown Rogers.
More than 52% of available space for the 28,000-SF property at 600 S. First St. has been booked, the company said in a news release. Members include small e-commerce companies moving out of their garages, startups working on hardware projects, Walmart vendors, and national brands seeking flexible warehouse solutions within proximity of retail stores.
The announcement comes after the company received funding from Bentonville-based RZC Investments, the investment firm founded by Walmart heir Steuart Walton and his brother Tom Walton. The investment amount was not disclosed, but Loloft said it will help accelerate the company's growth in northwest Arkansas and position it for expansion across the country.
Loloft aims to provide small and growth-stage companies with physical space needed to store or handle products by combining shared office space with private warehouse units ranging in size from 150 SF to 5,000 SF. It also offers shipping receipt and unloading services, loading dock access and daily carrier services with traditional co-working amenities such as high-speed WiFi, meeting rooms and phone booths.
“Initially, we thought that Loloft would primarily attract small e-commerce companies that are fulfilling orders in their garages but looking to expand into a commercial warehouse space,” CEO Brendan Howell said in the release. “But we’re also finding large companies wanting to use our space as last-mile delivery micro-hubs because they can quickly and cost-effectively place product near customers to achieve same day delivery timeframes.”