Lakewood's Natural Grocers Makes Strategic Investment
In a significant move for both the company and the Lakewood community, Natural Grocers has recently purchased a five-story office building at 3609 S. Wadsworth Blvd. for $5.6 million, stimulating discussions about its future within the area. Founded in Lakewood in 1955, the company has expanded its presence to include 168 stores across 21 states, making this acquisition not just about space, but about anchoring its roots deeper into the local economy.
A Thoughtful Relocation Plan?
According to public records, Natural Grocers acquired the building at around $70 per square foot—a noteworthy deal considering its last purchase price was $8.2 million just a few years ago. The Lakewood spokeswoman, Stacie Oulton, confirmed ongoing discussions with the grocery chain regarding plans for the building. This flexibility signals a potential relocation of the company’s corporate offices from their current site about 15 minutes away—an endeavor that could significantly impact local employment as they reimagine their workspace.
The Building's Features and Potential
The 80,000-square-foot building, constructed in the 1980s, is not only spacious but also home to 14 tenants. Observers note that the upper two floors are presently vacant, reinforcing the idea that Natural Grocers plans to consolidate its operations there. With typical floor plates spanning 17,000 square feet, the new site accommodates a growing workforce well, priming it for future expansions aligning with market trends towards centralized corporate spaces.
Impact on Lakewood and the Brand
As Natural Grocers continues to thrive, this real estate strategy may allow it to enhance its local footprint, potentially fostering greater community involvement and collaboration. Meanwhile, such a pivot might also revamp the existing store operations on W. Alameda Parkway, thus influencing retail leasing dynamics within the demographic area. Considering these movements could pave the way for the next chapter of growth for both the corporation and Lakewood.
Looking Ahead: Community Engagement Opportunities
With the ongoing dialogue between Natural Grocers and the city, residents and stakeholders alike eagerly anticipate how this acquisition will unfold. As plans become more formalized, opportunities for local partnerships may arise, driving community involvement and improving local business prospects. The company's longstanding relationship with Lakewood suggests that its expansion could favorably affect its community-centric initiatives.
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