Armada Hoffler Properties : rsquo; One City Center Named WeWork’s Flagship Location in Durham, North Carolina
September 01, 2020 at 09:39 am
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September 1, 2020
Armada Hoffler Properties' One City Center will be WeWork's singular location in the Durham market. WeWork announced the closure of their Durham I.D. location this week.
One City Center is a 27-story mixed-use project which features 130,000 square feet of office space, anchored by a 55,000 square foot lease with Duke University, along with 22,000 square feet of streetlevel retail space.
'We are excited to learn that One City Center has been chosen to be WeWork's flagship and only location in Durham, North Carolina. WeWork has been an important tenant at this location since the opening of the building and we look forward to our continued partnership in the Durham market,' said Louis Haddad, President and Chief Executive Officer.
'WeWork remains committed to the long-term success of our two locations across the Raleigh-Durham market and we continue to focus on providing companies of all sizes with the flexible workspace they need,' said Dave McLaughlin, vice president of WeWork's East Coast locations.
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Armada Hoffler Properties Inc. published this content on 01 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2020 13:39:02 UTC
Armada Hoffler Properties, Inc. is a vertically integrated, self-managed real estate investment trust (REIT). The Company is engaged in developing, building, acquiring, and managing office, retail and multifamily properties located primarily in the Mid-Atlantic & Southeastern United States. The Company operates through five segments: office real estate, retail real estate, multifamily real estate, general contracting & real estate services, and real estate financing. The Company's general contracting, and real estate services business develops and builds properties for its own account and provides construction and development services to both related and third parties. The real estate financing segment includes the Company's mezzanine loans and preferred equity investments on development projects. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in their stabilized portfolio.
ARMADA HOFFLER PROPERTIES, INC. 
