SAN DIEGO, Calif. – CommonGrounds Workplace has signed a lease at 1500 K Street for 29,509 square feet and the flexible workspace is slated to open early next year.
CommonGrounds is an enterprise-grade, Workplace-as-a-Service company that collaborates with office owners to provide premium flexible coworking space for companies of all sizes in multiple U.S. cities.
The 11-year lease signed at 1500 K Street includes the entire second floor and ground floor retail space which provides direct connectivity to K Street.
“We are thrilled to begin working with world-class, forward-thinking owner, Grosvenor Americas at 1500 K in this vibrant business district in our nation’s Capital. With limited coworking operators and strong spec-suite demand, our premium move-in ready workplaces will be a welcome addition for companies of all sizes.”
1500 K Street represents the fourth CommonGrounds Workplace lease signed in 2019, as part of the company’s $100 million Series A funding expansion program.
CommonGrounds Workplace is a Workplace-as-a-Service operator with flexible workplace products and services.
Grosvenor Americas is part of the Grosvenor Group, one of the world’s largest privately-owned property companies which develops, manages and invests in property in more than 60 cities around the world.