The corporate partnered with MUST for a 15,407-square-foot coworking venture.
Flex by JLL, the flex workplace options division of JLL, has unveiled plans for a brand new ground-up 15,407-square-foot coworking house in Secaucus, N.J. The corporate has partnered with Manulife US Actual Property Funding Belief for a leasing settlement at 500 Plaza Drive, a 455,732-square-foot workplace constructing, acquired by MUST in 2017 for $115 million, CommercialEdge knowledge exhibits.
Scheduled to open within the second quarter of 2023, the brand new flex workplace location will comprise non-public places of work, assembly rooms, crew rooms, digital places of work and shared house, outfitted with broadband web entry, ergonomic furnishings, audio-visual gadgets, on-site hospitality crew, in addition to entry to common-area facilities. Upon completion, the businesses have agreed on a 20,451-square-foot two-phase lease extension.
Situated at 500 Plaza Drive, the house will likely be lower than a mile from Interstate 95 and Route 3. Quite a few eating and retail choices, in addition to inns, are inside strolling distance of the coworking location. Quest Diagnostics, The Youngsters’s Place, Onsolve and MCM, amongst others, are the tenants of the constructing.
The coworking market is on the rise once more, totaling over 117.5 million sq. toes of flex house nationally. The funding marks Flex by JLL’s first ground-up house within the U.S. Presently, the division operates 15 coworking areas throughout eight U.S. markets, the UK and Australia.
