DENVER – TGS Management — a vertically integrated cannabis operations company employing more than 660 employees in cultivation, manufacturing, R&D facilities and retail — will move its corporate HQ to 4100 E. Arkansas, a 63,335-square-foot two-story class B office building centrally located in Denver at I-25 and Colorado Boulevard.
Tributary Real Estate, a fully integrated Denver-based investment, development, brokerage and property management firm, purchased the building for $7.34 million.
The owner-occupied building is currently the corporate headquarters for AAA Colorado, which is relocating and expanding to the Denver Tech Center. Tributary acted as the buyer broker and will be part of the ownership entity for the property. The firm will also manage the building renovation for The Green Solution’s (TGS) corporate office, operating as TGS Management, on behalf of the new ownership.
“We’ve worked with Tributary for several years on our real estate,” said Kyle Speidell, Co-CEO and Co-Founder of TGS Management. “Their commitment to understanding our short- and long-term goals, and their ability to deliver solutions tailored to our unique needs, has helped to propel our growth and expand our real estate holdings.”
The Green Solution, through Speidell Real Estate Group, currently owns 12 retail locations across Colorado and 300,000-square-feet of cultivation facilities.
AAA Colorado will initially lease back the property for five months following the sale to allow the company time to relocate to their new facility. During this time, Tributary and TGS will finalize construction documents and acquire building permits. Construction is slated to begin January 2018 with full occupancy expected by April 2018.
Image courtesy of TGS.