Zynex growth leads to new corporate headquarters
Wednesday April 14, 2021
ENGLEWOOD -- Zynex, Inc. (NASDAQ: ZYXI) announced it is moving to a new corporate headquarters to accommodate its continued growth. The new headquarters is located at 9655 Maroon Circle, Englewood.
The new building is down the street from the existing headquarters and will expand the footprint from approximately 86,000 square feet to 110,754 square feet with a first right of refusal to occupy an additional 56,158 square feet in the building.
An 8-K has been filed with the details of the lease arrangements. The lease is for eighty-four months and terminates April 29, 2028.
"We are excited to move into a great building which can accommodate our headquarters growth in one facility versus having to expand to into separate buildings as we grow," said Thomas Sandgaard, CEO and founder of Zynex Inc.
"We were able to negotiate very competitive lease rates and a significant amount of rent credits which will offset much of the remaining obligation at our current building.
“We expect to occupy the new space on May 3. The new building, combined with our facility for manufacturing/warehouse, gives us approximately 161,000 square feet under lease and the facilities are just a few miles apart."