Executive Suites Opening In Chicago Loop

A new business center will be opening in Chicago. Regus has heard those who had been asking for an office space in the South Loop, near the Chicago Board of Trade and the courts in Jackson Blvd. The center at 111 W. Jackson Blvd will open in August 2013. 

Despite being a city with many different offices available throughout the loop, there was a gap in spaces towards the south area of Chicago Loop, but thankfully, the executive suite provider has realized this opportunity and they are now offering a new option for those who want to be close to the Jackson Blue Station.

This new space is between Union Station and Millennium Park and is close to I-290, I-90 and I-94, making it an easy destination regardless what type of transportation you are using. 

The space will be at the 17th floor of this 24 story building, nearly 100 offices will be available, including private individual offices, workstations, mini-suites and team rooms that can hold large groups. 

You will find plenty of options to grab a bite, whether you’re on a rush you can go to Subway which is a block away or if you’re vegan you shouldn’t miss Native Foods Café. 

Occupation at the building is close to 72% and ownership has spent about $25 million to fix up the 51-year-old building, including adding a fitness center and a roof deck.

If you’re interested in one of these offices, give us a call at (866) 354-5478, pre-leasing is already available and you will not only be able to choose your office, but you will have the exclusivity of being the first in that office.

Regus Bought Regent Business Centers and Corporate Office Centers

Courtesy of  The Regus Group

This year welcomes us with the confirmation of an important news for the office suite industry.

Regus has bought two major office providers: Regent Business Centers and Corporate Office Centers. Although there had been some noise about the news, during the last weeks of December the decision was confirmed.  

But what does this mean for Regus?

Let’s start with Regent Business Centers, a company that was founded in 1993 and had 13 business centers; 5 of them in prestigious buildings in New York, 7 centers in California including two spaces in San Francisco and 1 center in Denver, Colorado. Regent was known for their top quality spaces.

And Corporate Office Centers was another big player in the office suite industry. 

Headquartered in Arlington Texas, they owned 36 business centers in 13 markets spread among 10 states. The company had just opened their last center in Anaheim, CA and just a month ago they were celebrating their 20^th Anniversary.

This way, Regus, who handled 1100 locations worldwide and 550 in the USA, now adds 49 new centers to their portfolio and confirms its dominance in markets like Texas and shows some interest to increase competition in markets as California.

What might 2013 surprise us with? If Regus plans to maintain its growth expectations of 10%, that means almost 60 new centers opening this year. We will have to see how competitors react and how the economy behaves. We can only guarantee that an exciting year awaits ahead of us.