European Coworking Brand Mindspace Announces US Expansion

• Mindspace has announced its U.S. entry with two new locations in San Francisco and Washington D.C.
• The European flexible workspace company plans to launch both workspaces in Q2 2018.
• The company expects to announce additional Mindspace locations across the United States in 2018.

Mindspace, the rapidly-growing global provider of inspiring coworking spaces, announced today its formal entry into the U.S. market and the upcoming opening of two locations in San Francisco and Washington.

Mindspace is Europe’s leading coworking provider, currently maintaining a community of over 10,000 professionals from enterprise innovation teams, startups, small and medium businesses from all industries, investment firms, as well as entrepreneurs and freelancers.

As part of Mindspace’s global membership, members with offices at Mindspace locations in San Francisco and Washington will also be able to work from any Mindspace location worldwide, at no additional cost.

Mindspace San Francisco will open its doors in Q2, 2018. Located at the Market Center Building at 575 Market St., within the bustling business district, the space spans 3 floors and over 36,000 square feet that will accommodate approximately 600 members.

Right on the border of SOMA and a few blocks from Transbay terminal, the new Mindspace location is surrounded by dozens of hotspots including the Crocker Galleria, Union Square, and Westfield Mall.

Mindspace Washington D.C. will be located at the prestigious One Franklin Square, completed in 1990, at 1301 K St., NW.

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The impressive dual tower building in D.C. also serves as home to The Washington Post. The space, which spans 31,000 square feet, will accommodate over 500 members and is scheduled to open in Q2, 2018.

With its scenic D.C. views from the rooftop lounge, it is just a stone’s throw from 14th Street’s restaurants, bars and shops, and the new Apple Store planned at the historic Carnegie Library building.

CEO Dan Zakai, who co-founded Mindspace in 2014 with Yotam Alroy said, “Mindspace is marking an important milestone today with our entry to the U.S., the world’s leading economy and coworking market.”

“Following the success of our upscale coworking offering in Europe, I expect that American enterprises, startups and entrepreneurs will be pleasantly surprised with the Mindspace standard for coworking. Businesses of all sizes can focus on their growth at Mindspace while we take care of the rest.

“Our members enjoy boutique private offices, lounges, meeting rooms equipped with the latest technology, fully-stocked kitchens, daily community events, and everything they need to keep their teams productive and engaged.”

Zakai added: “In 2018, we expect to announce additional Mindspace locations across the United States.”

Mindspace has raised $35 million to date for its global expansion.

Market Center is a property of Equity Office. Equity Office owns and operates 50 million square feet of premier office space in major metropolitan markets across the U.S. The company is owned by an affiliate of The Blackstone Group, a preeminent global private equity firm.

One Franklin Square building is owned and managed by Hines, a privately owned global real estate investment firm with a presence in 201 cities in 21 countries. Hines has approximately $100 billion of assets under management.

JLL advised Mindspace in both transactions.