CBRE Arranges 10,731-SF Lease for Coworking Firm CoCreate Lexington at Southlake Center in Columbia, SC, Area
20 Jun 2018
CBRE has executed a 10,731-sq.-ft. lease at Southlake Center, a 42,000-sq.-ft. multi-tenant office building in the Lexington submarket of Columbia, SC. CoCreate Lexington, a locally owned and operated coworking startup, will occupy the property at 714 South Lake Drive this summer to offer sharable office space, technology, and meeting rooms to the Columbia area business community.
CBRE’s Marie Dieckmann and Aaron Dupree represented the landlord and the asset manager, East West Capital, in this transaction. With the completion of the CoCreate lease, only one vacancy remains at Southlake Center, an open layout space just over 2,300 sq. ft.
“We’re happy CoCreate has found a home in Southlake Center and we’re looking forward to the grand opening this summer. The property’s location less than one mile to I-20 and two miles to downtown Lexington offers great convenience to office users,” said Ms. Dieckmann, associate at CBRE. “Coworking has experienced exponential growth in the past decade. The appeal of the coworking model lies in the opportunity for lease-term flexibility coupled with highly appealing workplace environments.”
Per CBRE’s Americas Occupier Survey 2018, the majority of respondents continue to evaluate creative office solutions, especially coworking, to satisfy their mandate for portfolio flexibility. Southlake Center provides creative office space in a repurposed brick manufacturing facility. It offers ample parking, street visibility and monument signage with almost 30,000 vehicles passing daily.
CoCreate will provide private offices, dedicated desk space and flex or floating desk space, as well as full time and part time memberships at affordable rates. The company will also offer monthly educational, social and networking events for the self-employed, remote workers, microbusinesses and others.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.