Novel Coworking Purchases Midtown Phoenix Building

Coworking operator, Novel Coworking, is expanding its footprint in Midtown Phoenix

(Phoenix, AZ) September 18, 2018 — Coworking company Novel Coworking is expanding into Midtown Phoenix the purchase of 2828 N. Central Avenue. The Chicago-based company acquired the building on September 17 and plans to renovate it to provide modern and affordable workspace. Pre-leasing is already underway for private offices, office suites, and coworking memberships.

“Phoenix’s professional services job growth is impressive, and we are excited to offer local business owners and enterprise companies flexible, budget-friendly workspace in a fantastic location,” said Bill Bennett, Founder of Novel Coworking.

Novel Coworking’s members get 24/7/365 access to the building and vibrant coworking lounge, direct fiber internet, all utilities, an espresso bar, local beer on tap, modern furnishings, and community events included in rent. With coworking memberships starting at $99 a month, private offices starting at $459 a month, and office suites as low as $199 per employee a month, Novel Coworking provides small businesses, enterprise firms, and entrepreneurs with high-caliber amenities at a budget price.

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Built in 1985, the 104,016-square-foot building is 14 floors high and includes an on-site parking garage. The glass-and-concrete building is more than half occupied with traditional lease tenants, who will remain in the building.

“We are drawn by Phoenix’s supportive environment for business,” said Bennett. “The city’s strong growth in recent years makes it the perfect place for a Novel Coworking to serve the diverse mix of entrepreneurs and business owners.”

About Novel Coworking

Novel Coworking provides fully-furnished, technology-equipped, and affordable workspace to small businesses, entrepreneurs, and enterprise companies. Novel Coworking members have access to more than 1.7 million square feet of workspace in 24 locations including Alexandria, Boulder, Charlotte, Chicago, Cincinnati, Dallas, Denver, Houston, Indianapolis, Jacksonville, Kansas City, Minneapolis, Nashville, Phoenix, Pittsburgh, Richmond, San Diego, Savannah, and Seattle. For more information, please visit novelcoworking.com.