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WeWork Plans 20 Atlanta Locations Within Two Years

WeWork's Southeast GM Discloses Plan at Ribbon-Cutting Ceremony for the Terminus Center that Will House Mercedes Innovation Center
July 11, 2018
Pictured from left: WeWork Southeast GM Bobby Condon, Atlanta Mayor Keisha Lance Bottoms and Theia Smith, founding executive director of Atlanta's Women's Entrepreneurship Initiative, cut a ceremonial ribbon Wednesday to officially open WeWork's fourth Atlanta location, at Terminus in Buckhead.

Photo by Tony Wilbert, CoStar News.

WeWork, the shared and flexible workspace giant that opened its fourth Atlanta location Wednesday, expects to have as many as 20 centers in the city within two years.

That's what WeWork Southeast General Manager Bobby Condon told a group of Atlanta dignitaries, real estate executives and WeWork employees at the opening of its Terminus location. Atlanta Mayor Keisha Lance Bottoms, who told the crowd WeWork's growth is an example of how Atlanta is building, is expected to return to WeWork Terminus next week with Georgia Governor Nathan Deal to officially announce that Mercedes-Benz will establish its first U.S.-based Lab1888 innovation center there.

Mercedes-Benz is the type of client WeWork is heavily courting - a global enterprise with thousands of employees and stellar credit that seek the flexibility the co-working company offers.

WeWork's location in Terminus 100 at Peachtree and Piedmont roads is the company's fourth location to open. Its fifth location at CODA at Tech Square in Midtown will open early next year, Condon said. "We're expanding our offerings across Atlanta," said Condon, who added that WeWork will have 15-20 locations in Atlanta in two years.

Mayor Bottoms told Condon she would push for one of the future locations to be on the city's westside or in southwest Atlanta, "where scores of entrepreneurs are in need of space."

Before the event, Condon told CoStar News he could not comment on when WeWork would open a location in Downtown Atlanta. The company currently has two locations in Buckhead and two in Midtown. "We're constantly seeking new locations and opportunities in perpetuity," Condon said, without offering specifics.

Thad Ellis, a senior vice president at Atlanta REIT Cousins Properties, which owns Terminus 100, said landing WeWork was "a very strategic move" because it "brings a lot of energy" and attention to the development.

"We've got to figure out how co-working works," Ellis said. "It's here to stay."

Tony Wilbert, Atlanta Market Reporter  CoStar Group   
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