Exciting Growth: Coinbase Expands with New Office Space
Coinbase Expands Operations with New Lease at 110 East
110 East, an impressive Class A+ office building located in South End, has recently become home to a major expansion by Coinbase. This transaction involves leasing the 18th and 19th floors, covering 58,600 square feet. Coinbase has quickly established itself as a leader in the digital currency space and aims to create a "Center of Excellence" in this vibrant area, underlining its commitment to the burgeoning fintech sector.
Growing Demand for Office Space
The rapid expansion of Coinbase is an indicator of the increasing demand for office spaces in premier locations. In recent weeks, 110 East has seen an impressive total of 115,000 square feet of new leases, showing a robust interest from various businesses. Notably, SouthState Bank has announced plans to relocate its regional headquarters to the building, complementing Coinbase's significant investment.
Welcoming Coinbase to 110 East
Matt Knisely, Managing Director at Shorenstein, expressed enthusiasm for Coinbase's new lease, highlighting how 110 East was crafted to fulfill the needs of forward-thinking companies. With its modern architecture, excellent amenities, and easy connectivity, this office space is designed for those seeking an exceptional workplace.
Key Features and Amenities
110 East boasts a range of features that are appealing to prospective tenants. The building includes a sky lobby offering stunning views of Uptown, a high-end fitness center, and versatile conference spaces. With ample floor space and impressive floor-to-ceiling glass, the design embraces natural light, creating a bright and productive environment.
Future Developments and Opportunities
Beyond the current leasing agreements, 110 East is part of a larger redevelopment initiative aimed at transforming the surrounding area into an engaging destination for both work and leisure. Plans for the overall campus include retail and dining options, promising an exciting future for this bustling setting.
About 110 East
Located strategically at the intersection of East Boulevard and South Boulevard, 110 East represents the pinnacle of modern office design. Opened in 2024, this 23-story building spans 370,000 square feet and provides direct access to the LYNX Light Rail, positioning it as a central hub for innovative enterprises.
About Stiles
Stiles is recognized for its comprehensive approach to commercial real estate, encompassing development, construction, and property management. The firm is committed to enhancing communities and creating exciting spaces for various ventures.
About Shorenstein Properties
As a well-respected investment adviser, Shorenstein Properties has cultivated a significant portfolio of office and mixed-use properties across the U.S. The firm leverages its expertise to make astute investments that contribute positively to urban landscapes.
About Trinity Partners
Trinity Partners delivers high-quality real estate services and has established a strong presence in the market by offering tenant representation and property management. Their commitment to excellence drives their success in managing an extensive portfolio.
Frequently Asked Questions
What recent expansion did Coinbase announce at 110 East?
Coinbase announced a lease for 58,600 square feet across the 18th and 19th floors of 110 East as part of its expansion efforts.
What type of office building is 110 East?
110 East is a Class A+ office building designed to meet the needs of modern, dynamic companies.
Who represented Coinbase in the leasing transaction?
Conor Brennan from JLL represented Coinbase during the lease signing process.
What amenities does 110 East offer?
The building features a sky lobby, state-of-the-art fitness center, and flexible conference facilities, along with expansive floor plates and ample natural light.
What future developments are planned for the area around 110 East?
A broader redevelopment plan aims to create a vibrant area that combines office spaces, retail, and dining options, enhancing the overall appeal of the location.
About The Author
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