(FEB. 7, 2019 – WASHINGTON) – Transwestern Commercial Services (TCS) today announces the launch of coveHQ from Washington, D.C.-based flexible workspace provider cove. TCS Executive Vice President George Vogelei represented cove in the 17,408-square-foot transaction at Blake Real Estate’s Dupont Circle building at 1730 Rhode Island Ave. NW.
coveHQ expands on the provider’s existing network of five neighborhood locations that primarily serve individuals seeking flexible workspace in a comfortable environment. It is ideal for companies that are ready to graduate from traditional coworking spaces to foster their own identity but want flexible lease terms.
coveHQ houses five turnkey offices for organizations ranging from 10 to 100 employees and nearly 20,000 square feet. Each client’s space is a white label workspace for that organization: custom designed, branded, and fully operated by coveHQ’s staff, IT infrastructure, and proprietary software. Clients also have a dedicated community manager who oversees the daily operations and helps plan and coordinate company events, board meetings, and more. Vogelei helped create a broker incentive program to educate the local real estate market on coveHQ and how it can be a viable solution for certain clients.
“coveHQ is what modern organizations are looking for: a space to call their own, designed around them, with everything included from office management to Wi-Fi to reception services,” said Vogelei. “The users get a modern workspace with their name on the door, their branding, their own kitchen, call spaces, meeting rooms – things they wouldn’t get in a coworking space. Landlords benefit from a higher-revenue offering that will drive up occupancy and secure tenants that might otherwise choose a coworking space.”
In addition to a turnkey office solution, coveHQ members have access to cove’s neighborhood workspaces across the District and Boston, providing the option of working where and when they want.
“We are solving the challenges of modern work by providing the right mix of flexibility and stability,” said Adam Segal, cove CEO and co-founder. “We leverage our neighborhood locations and technology to create a complete solution for coveHQ clients and their entire staff.”
More information on coveHQ can be found on cove’s website: cove.is/hq. The workspace provider currently has neighborhood locations in Dupont Circle, 14th Street, Chinatown, Columbia Heights, and Capitol Hill in Washington D.C., as well as one location in Cambridge, Massachusetts.
About Transwestern Commercial Services
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.
