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Tags: BUSINESS

Servcorp signs deal to provide high-end coworking space

Servcorp has inked an agreement for a coworking space, serviced office and virtual office at Hartz Group on Madison Avenue.

The agreement will allow Servcorp and Hartz to take over the fourth and fifth floors that are each 18,000 square feet and provide a higher-end alternative to WeWork.

It will contain 85% private offices balanced with coworking and cater to hedge funds and family offices to keep aligned with Servcorp’s clients.

Members at the new space will have access to Servcorp’s 160 existing locations around the world.

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“As part of the renovation we put in a small conference center, and when we saw how it was used by our own tenants, we pivoted on our plans for four and five,” said Edward Stern, founder and president of Hartz Capital, the investment arm of the Hartz Group. “It was clear that a substantial demand for short-term, first-class space with services existed within our own building and in the area at large.”

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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