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Recently Hired Enterprise Development Executive Leaves WeWork

Co-Working Giant Once Again Seeking Director to Recruit Global Firms Following Departure of RT Bowden
July 20, 2018
Less than a month after starting as WeWork's Southeast director of enterprise recruitment, RT Bowden has left the co-working and shared space juggernaut.

Bowden told CoStar News this week he no longer serves as WeWork's Southeast enterprise business development director, a position he has held since early July. A WeWork spokeswoman confirmed the departure and said the company is working to fill the position again. She declined to say why Bowden left the firm after less than one month.

Bowden also declined to comment beyond acknowledging the parting of ways.

WeWork is left searching for a replacement as it shifts much of its focus to landing enterprise clients for its co-working spaces across the country. From September 2016 to September 2017, WeWork's enterprise member segment increased more than 370 percent, WeWork told CoStar News. WeWork's enterprise members occupy from one to 12,000 desks per company.

"Large enterprises now comprise the fastest-growing segment of WeWork's member base," a WeWork spokeswoman said earlier this month in an email to CoStar News. Corporate members make up more than 25 percent of WeWork's total membership, and 25 percent of the Fortune 500 firms are WeWork members, the WeWork spokeswoman said.

On Monday, Mercedes-Benz officially opened its first U.S. location of its Lab1886 innovation centers at WeWork's location at Terminus in Buckhead. In January, when French automaker Groupe PSA announced it selected Atlanta for its North American headquarters, it signed for space at WeWork's location at 1372 Peachtree St. in Midtown, also home to WeWork's regional headquarters. Groupe PSA owns Peugeot, Citroen, Opel and Vauxhall.

Large global companies, such as Facebook, tend to have heathier credit, reducing the risk of defaulting on pricey WeWork leases. Last month, CoStar reported that Facebook signed a deal to occupy WeWork’s single-largest location, a 450,000-square-foot mixed-use development in Mountain View, CA, that borders Palo Alto and the San Francisco Bay.

WeWork currently is advertising positions for Enterprise Development directors and managers across the U.S., including one in San Francisco, in addition to the one in Atlanta.

Tony Wilbert, Atlanta Market Reporter  CoStar Group   
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