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EUROPE’S LEADING CO-WORKING PROVIDER TO OPEN FIRST US LOCATIONS

Mindspace designs upscale co-working environments for enterprise teams, startups, and companies of all sizes at prime locations. Its first U.S. locations will open at Market Center in San Francisco and One Franklin Square in Washington D.C.

Mindspace, the rapidly-growing global provider of inspiring co-working spaces, announced today its formal entry into the U.S. market and the upcoming opening of two locations in San Francisco and Washington. Mindspace is Europe’s leading co-working provider, currently maintaining a community of over 10,000 professionals from enterprise innovation teams, startups, small and medium businesses from all industries, investment firms, as well as entrepreneurs and freelancers. As part of Mindspace’s global membership, members with offices at Mindspace locations in San Francisco and Washington will also be able to work from any Mindspace location worldwide, at no additional cost.

Mindspace San Francisco will open its doors in Q2, 2018. Located at the Market Center Building at 575 Market St., within the bustling business district, the space spans 3 floors and over 36,000 square feet that will accommodate approximately 600 members. Right on the border of SOMA and a few blocks from Transbay terminal, the new Mindspace location is surrounded by dozens of hotspots including the Crocker Galleria, Union Square, and Westfield Mall.

Mindspace Washington D.C. will be located at the prestigious One Franklin Square, completed in 1990, at 1301 K St., NW.  The impressive dual tower building also serves as home to The Washington Post. The space, which spans 31,000 square feet, will accommodate over 500 members and is scheduled to open in Q2, 2018. With its scenic D.C. views from the rooftop lounge, it is just a stone’s throw from 14th Street’s restaurants, bars and shops, and the new Apple Store planned at the historic Carnegie Library building.

Dan Zakai, co-founder and CEO of Mindspace said, “Mindspace is marking an important milestone today with our entry to the U.S., the world’s leading economy and co-working market. Following the success of our upscale co-working offering in Europe, I expect that American enterprises, startups and entrepreneurs will be pleasantly surprised with the Mindspace standard for co-working. Businesses of all sizes can focus on their growth at Mindspace while we take care of the rest. Our members enjoy boutique private offices, lounges, meeting rooms equipped with the latest technology, fully-stocked kitchens, daily community events, and everything they need to keep their teams productive and engaged. In 2018, we expect to announce additional Mindspace locations across the United States.”

Market Center is a property of Equity Office. Equity Office owns and operates 50 million square feet of premier office space in major metropolitan markets across the U.S. The company is owned by an affiliate of The Blackstone Group, a preeminent global private equity firm.

One Franklin Square building is owned and managed by Hines, a privately owned global real estate investment firm with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management.

JLL advised Mindspace in both transactions.