FOR IMMEDIATE RELEASE
C0working Firm Cocotiv Expands, Doubles Space at 1515 Montford park in Charlotte
Charlotte, NC – May 1, 2019 – CoCoTiv, a Charlotte-based coworking firm, has signed a 12,607-sq.-ft. lease at 1515 Montford Park, a creative office building in South Charlotte’s Montford Park district. With this lease, CoCoTiv will occupy the entire seventh floor in addition to the full fourth floor, which the company has called home since 2018. The additional space will more than double the firm’s footprint at the property, totaling 25,214 sq. ft. upon move-in this August.
CBRE’s Joe Franco and Paula Moss arranged the lease on behalf of the landlord and building owner, Charlotte-based Grubb Properties.
“We are thrilled to further our relationship with CoCoTiv. They are very complimentary to our tenant mix at 1515 Montford Park and they embody the type of progressive and creative groups that our building looks to attract,” said Mr. Franco, senior vice president at CBRE.
Grubb Properties completed an extensive renovation and amenity program at the property in 2018. The fifth floor now includes a tenant lounge, complete with an open-air patio, shuffleboard table and premium coffee bar. The building also features open concept spaces, exposed ceilings, access to a top-quality fitness and cycle center, and is within walking distance to a variety of retail, restaurant, and entertainment options.
“We are proud that 1515 Montford Park has been part of CoCoTiv’s remarkable success by contributing to the energetic, productive environment and providing top amenities for all our tenants,” said Joe Dye, executive vice president of commercial at Grubb Properties.
CoCoTiv provides everything entrepreneurs need to grow their business, including furniture, fiber internet and WiFi, and 24/7 access to the office. Startups and companies can take advantage of CoCoTiv’s all-inclusive pricing with amenities like a coffee bar, sparkling water, local beer on tap, mail service, free parking, and taxes and utilities. In addition, CoCoTiv members receive a 20% discount on Pfeiffer University tuition. The space is a vibrant ecosystem of entrepreneurs, energizers, and influencers, who have access to community events, happy hours, and networking lunches.
“We’re very excited to expand our footprint at this property. As our landlord, Grubb Properties shares our creative vision and attention to detail; we look forward to continuing this partnership,” said John Vieregg, owner of CoCoTiv.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Grubb Properties
Grubb Properties, founded in 1963, creates exceptional real estate environments and provides premier customer service for our residents and tenants through the repositioning of office buildings and the development of multifamily communities under our nationally registered Link Apartments® brand. Our fully integrated management team identifies strategies that create long-term value for our clients. Grubb Properties’ growth is primarily funded through real estate investment funds with long-term horizons. People who care. Places that matter. For more information, visit www.grubbproperties.com.
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