“These are volatile times in the office building business in almost all
markets throughout the United States,” says James “Watty” Watson, CEO
of TechSpace. “As office building rents continue to decline and
building values follow correspondingly, occupants of office space are
reluctant to make long-term lease commitments or acquire new office
building product … TechSpace office buildings, which require a
lesser-term commitment and no capital expenditures, have become much
more desirous to office building occupants.”
Prior the the
acquisition of the Westwood location, TechSpace acquired a new facility
in Mathattan. The company is currently seeking to acquire additional
office space in several other California and New York markets.
“I
believe in the power of good design and great customer service to
contribute to the success of virtually any company,” says David Agger,
CEO of Nexspace. “Though my team and I will miss the day-to-day
excitement of running Nexspace, as well as the long-lasting friendships
with our clients, I know that both the facility and our clients … will
be in great hands with TechSpace.”