Monday July 9, 2018

Big Co-Working Hub to Anchor Developer’s Debut Office Building

A co-working company based in Amsterdam has signed a sizable lease for an office building that’s about to open in the suburban Cool Springs commercial hub south of Nashville.

A spokeswoman for Spaces confirmed to the Nashville Business Journal that the company will open a 43,000-square-foot operation in the Mallory Green building late this year. Spaces will occupy 25 percent of the 175,000-square-foot building, which is the first area project for Cincinnati, Ohio-based real estate company Al. Neyer. The firm is moving its local office, which now has 14 full-time employees, into the building as well.

The lease pushes the proliferation of co-working spaces to another level. Since the start of 2017, seven co-working brands have opened or announced locations in Greater Nashville — a combined 302,000 square feet of office space, including this latest Spaces lease. Global giant WeWork Cos. Inc., valued by its investors at about $20 billion, accounts for 30 percent of that footprint. WeWork and others, such as Industrious and Spaces, have opened two locations.

Click here to read more on this story from Adam Sichko at the Nashville Business Journal.

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