Orbotix leases larger space for growth
Last Updated: 16:08 September 25, 2013
Orbotix, maker of the Sphero robotic ball that can be controlled with a smartphone, recently leased 16,374 square feet of space in the business park in east Boulder. It will leave behind about 6,800 square feet of space at 1155 Canyon Blvd.
"We needed more space, and there's not much in that size range in downtown Boulder," said Orbotix chief executive Paul Berberian, who noted affordability of office space and convenience for employee commutes as other factors for the move east.
Orbotix, founded in 2010, does not disclose revenue. Berberian said the company has been static for the last six to nine months in its number of employees, with 33 or 34. He expects that number will start to grow heading into the holiday season and next year.
Orbotix last month in the United States launched Sphero 2.0, the upgraded version of its product that is designed to sell at higher volumes. Sphero 2.0, which is manufactured in China, will launch internationally this week.
Berberian said Orbotix is considering producing other products, but he declined to say what those might be.
"We have a great product now that everyone should use," Berberian said.
Brokers Wade Wimmer of CBRE and Ken Gooden and Mike Deatly of Jones Lang LaSalle represented Orbotix in the lease, while Chad Henry and Nate of W.W. Reynolds Cos. served as listing agents.
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