- The Instant Group has signed two Managed Office leases totaling nearly 120,000 square feet in Philadelphia, Penn., and Durham, North Carolina.
- Instant will be managing the corporate hubs of healthcare company, GSK.
- Both spaces anticipate occupancy in first half of 2022.
NEW YORK (Oct., 2021) Workspace innovation firm The Instant Group, which drives commercial real estate agility and experience through workspace solutions, has signed two Managed Office leases totaling nearly 120,000 square feet in Philadelphia, Penn., and Durham, North Carolina, for the U.S. corporate hubs of GSK, a science-led, global healthcare company.
The Managed Office solution affords companies a unique way to procure and deliver space – on time and on budget – incorporating tenant’s brand and office specifications while Instant assumes both the lease and management of the space. Globally, The Instant Group manages over four million square feet of Managed Office for large multinational companies including Jaguar Land Rover and American Express.
“This service allows for us to listen to our clients, simplify the delivery model and provide hospitality led managed services. Our Managed Office solution offers full choice in the real estate marketplace, allows for tenant-branded space, and a world-class experience delivered at speed and at ease. In the end, clients appreciate our aligned investment in their organizational success and employee engagement,” said The Instant Group Americas CEO Joe Brady.
The Instant team was led by VP Maria Giesemann and Americas COO Nestor Eliadis, who arranged building search, design, and build out of these two corporate real estate offices.
Eliadis added, “They understood the value of the Instant Managed total occupancy solution. They utilized our partnership to find the ideal location and to design and build vibrant spaces. We look forward to the delivery and ongoing hospitality of both corporate hubs.”
About the North Carolina Corporate Hub
In North Carolina, Instant signed a lease for 68,000 square feet at 406-410 Blackwell Street in the Fowler and Crowe Buildings.
Matthew Cooke at Davis Moore arranged the lease on behalf of Instant, and Eli Bell arranged the lease on behalf of the landlord, Capitol Broadcasting Company.
About the Pennsylvania Corporate Hub
In Pennsylvania, a 49,000 square foot lease was secured by Instant for two floors at 2929 Walnut Street, also known as FMC Tower at Cira Centre South, within a life sciences hub in University City in Philadelphia.
The Philadelphia lease was arranged on behalf of Instant by John McGee and David McFadden at McFadden Real Estate Group, while Steve Rush at Brandywine Realty Trust represented the landlord.
Both spaces anticipate occupancy in first half of 2022.
Founded in 1999, The Instant Group is a workspace innovation company that rethinks workspace on behalf of its clients injecting flexibility, reducing cost and driving enterprise performance. Instant places almost 8,000 companies a year in flexible workspace such as serviced, coworking or managed offices including Amex, Barclays, Prudential, Booking.com, GSK and Shell making it the market leader in flexible workspace. Its listings’ platform www.instantoffices.com hosts more than 15,000 flexible workspace centers across the world and is the only site of its kind to represent the global market, providing a service to FTSE 100, Fortune 500 and SME clients. With offices across the world, The Instant Group employs 250 experts and has clients in more than 150 countries. Instant is ranked #33 in the 2020 Sunday Times HSBC International Track 200. www.theinstantgroup.com www.incendiumconsulting.com