Serendipity Labs Announces Expansion into New U.S. Markets
Real Estate In-Depth | January 2020
RYE—Locally-based workspace provider Serendipity Labs has announced its entry into six new markets.
The deals will add more than 130,000 square feet to the company’s US network and are all scheduled to open this year.
Serendipity Labs is opening two of its flexible shared offices in January, Wauwatosa, WI and Westport, CT. It has also announced that an additional six Labs are already slated to open in 2020 in suburban and secondary markets across the nation.
This month, the firm will be opening a location in Westport, CT and Wauwatosa, WI. The Westport location totals 23,000 square feet at 55 West Boston Post Road, which is owned by Homeclear Serendipity Westport LLC. The new location will be operated by Serendipity Labs.
Serendipity will also be opening a 34,000-square-foot suburban Milwaukee location this month that is owned by developer HSA Commercial Real Estate to be operated by Serendipity Labs, which is taking the first floor and mezzanine at the residential component of The Mayfair Collection, which features a mix of restaurants, retail, entertainment venues and apartments.
Further locations to open their doors later this year include: McKinney, TX; Memphis; Dublin, CA; Marlton, NJ and Clayton, MO.
“By partnering with asset owners of office, retail and residential buildings and then managing the Labs, we bring our operational expertise and marketing power, and we assure the upscale service standards of one of the top national flexible workplace networks will be met at every location,” says John Arenas, chairman and CEO of Serendipity Labs.
With more than 100 locations open and under development in the U.S. and U.K., Serendipity Labs has attracted more than $100 million from institutional investors, area development partners and asset owners to expand its brand and network.