Dutch coworking firm Spaces inks 51K sf deal at Row DTLA

Developers have inked 74,800sf in new deals since January

Jul.July 12, 2017 08:30 AM
Rendering of the project at 777 S. Alameda Street (Credit: Runyon Group)

UPDATED, 3:15 p.m., July 12: The Row DTLA is getting its tenants in row.

Spaces, a Dutch coworking firm owned by IWG, inked a deal for 51,000 square feet at the 1.3 million-square-foot Downtown L.A. complex and plans to open there this fall, The Real Deal has learned.

The Amsterdam-based coworking brand has more than 40 locations worldwide, including a 47,700-square-foot space in Downtown Culver City that it signed in May.

The deal comes just a couple of months after Real Office Centers, another coworking firm, pulled out of a 15-year, 27,000-square-foot deal at the 777 S. Alameda Street project after defaulting on its lease.

A spokesperson for the project could not be immediately reached to comment on the asking rents.

Atlas Capital Group and Square Mile Capital Management, the developers of the campus, recently agreed to sell about a one-third stake in the complex in a deal that valued the campus at more than $700 million, sources told TRD last month.

Other tenants signing on to the Row include jeans company J Brand, Latin media company MiTu and ad tech company Gimbal. Since January, developers have inked deals with 13 new retail and commercial tenants, filling a total of 74,800 square feet of space, according to an announcement from the partnership.

A former version of this story said Regus was the parent company of Spaces. The company formerly known as Regus changed its name to IWG last year, becoming the parent company of Spaces

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