A Longmont coworking space was part of a deal to acquire eight offices across the Front Range.
Franchise group owners of Venture X and Office Evolution signed a milestone agreement acquiring eight Office Evolution locations, according to an announcement, including South Hover Longmont, Boulder, Broomfield-Interlocken, downtown Denver, Golden, DTC Greenwood Village, Lone Tree-Park Meadows and Louisville.
The deal marks the formation of a cross-branded local franchise group for coworking spaces with 12 total locations, including three Venture X and nine Office Evolution, across the Denver metro.
The group is comprised of Channen Smith, Jason Vandagriff, Jesse Keaveny, Kim Corniel and Melanie Williams who own Venture X franchise locations in LoDo at Dairy Block, Five Points and Greenwood Village, and Diane Mapes who owns the Office Evolution franchise at Denver Metro North/Northglenn.
“When we were approached with the opportunity to acquire Office Evolution’s eight locations in Denver, all of us decided to join forces and partner up,” said Smith, majority partner of the group. “We are a group of like-minded individuals, each with our own strengths, coming together to provide coworking solutions to the Denver metro area.”
Venture X and Office Evolution are part of CoWorks, the world’s largest coworking franchise network and a division of the United Franchise Group.
Demand for flexible workspace has skyrocketed in recent years as more individuals and companies adopt hybrid work schedules, according to the announcement. Like many major metropolitan areas around the globe, thousands of square feet of office space remain available in Denver, not only reinforcing the shift from traditional office spaces but also the opportunity for flexible workspaces to grow.
Venture X and Office Evolution offer a variety of flexible office solutions including virtual and private offices and meeting rooms along with hospitality-centered amenities.