NEWS

Chicago coworking brand drops $5M for Shockoe Slip space

An out-of-town coworking company is making a seven-figure splash into downtown Richmond.

Chicago-based Level Office, which has 18 locations nationally, is planning its Richmond entrance after purchasing the five-story building at 11 S. 12th St. in Shockoe Slip for $4.6 million. The deal closed Dec. 20.

Founder Bill Bennett said the company plans to spend an additional $1.5 million to renovate and outfit the 113-year-old, 52,600-square-foot office building with common areas, meeting rooms, private offices, an espresso bar and outdoor decks.

Level Office is the first national coworking company to move into the Richmond market, joining local brands Gather, 804RVA and at least one other newcomer in the downtown area.  Read more at RichmondBizSense.com