Alexandria, VA – Alexandria based shared office concept ALX Community, today announced the expansion of their co-working footprint in Old Town. ALX Community will open a second location in 25,000 square feet of space at 201 N. Union Street.
201 N. Union is an irreplaceable, 106,000 square foot Class A office building located on the Alexandria waterfront in the heart of Old Town’s Historic District. The building was recently purchased by Boundary Companies, a private investment management firm based in Chevy Chase, MD. This was Boundary’s fourth acquisition in Alexandria, VA in the past two years.
The office building is currently 75 percent leased and will be fully occupied with ALX Community’s opening in October 2019. EagleBank assisted in providing the debt financing for the transaction.
ALX Community’s waterfront location will feature private offices, dedicated desks, and flex seating. The industrial-meets-mid-century style co-working space will also feature a 5,000 SF conference center with flexible layouts for training, offsite meetings, lectures, and board meetings. Separate from the office offerings listed above, the space will also include eight large private offices located in a separate wing geared towards lawyers, financial service providers and therapists who need more privacy measures within a co-working office setting for their line of work. For the new space, ALX Community is using BLDG as the architect and Gage Construction as the contractor.
ALX Community Partner, Kelly Grant describes the company’s mission as being more than just a workspace.
“We’re a community where members are able to work, meet, collaborate, learn, and give back to the city we all love and call home,” Grant said. “This hyperlocal focus combined with high design and operating standards sets us apart. Meanwhile, our plug and play memberships make it easy for companies to flex as they grow, avoiding the uncertainties and overhead of traditional long-term leases. This is a game-changer for companies looking to invest capital in their core business and their employees rather than real estate.”
ALX Community opened in April 2018 at 106 N. Lee Street. The Founders Hall location is home to over 80 small businesses and has over 170 members today consisting of entrepreneurs, small businesses, freelancers, financial professionals, and non-profit organizations.
“We are excited to work with ALX Community and are looking forward to supporting them and their mission, said John Wilkinson, President of Boundary Companies. “The building’s water views, functional floor plates, high ceiling heights, and access to Old’s Town’s vibrant amenity base coupled with ALX’s high design and operating standards will certainly aid their member’s pursuit of potential.”
ALX Community’s unique hyperlocal focus actively supports local business and the DC region with community caring initiatives, events, TALX’s, and sponsorships. To date, ALX Community has had over 150 events, a mix of public, private, and community orientated functions, and welcomed over 4,000 people.