Brewers Association to buy new HQ space

BOULDER – The Brewers Association announced on Friday its plans to purchase the building at 1327 Spruce St. in downtown Boulder for $4 million and move its headquarters there next year.

The Brewers Association, the nonprofit trade association dedicated to the booming American craft-beer industry, has leased space at 736 Pearl St. for nearly three decades.

The 11,600-square-foot building on Spruce Street will give the association almost double the space it has now.

“We love 736 Pearl, and we love West Pearl,´ said Bob Pease, the association’s  chief operating officer. “But for many of our workers, they’re piled on top of each other.”

The U.S. craft-beer industry reported $10.2 billion in retail sales in 2012, up from $8.7 billion in 2011. Pease said the association has 42 full-time and two part-time employees in Boulder, and has been adding one to three per year for the past four or five years.

“I think we are a mirror and function of what is going on in craft brewing and home brewing,” Pease said. “And they are both growing at a very healthy rate.”

The association has the building under contract and expects to close on the purchase April 1. Pease said the anticipated move-in date is May 1.

An undisclosed local investor, under the entity 1327 Spruce St. LLC, purchased the building in March for $3 million. The building was vacant at the time and remains so.

Pease said Boulder-based Rodwin Architecture Inc. has been hired to redesign and “BA-ify” the three-story building.

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