Coworking Management Agreements

Mindspace is a global boutique coworking provider that is redefining the work experience for businesses of all sizes. Their beautifully appointed spaces, personalized level of service, and carefully curate events foster increased staff engagement and a strong sense of community and take into account how people work, learn, innovate and grow today. For more information, please visit Mindspace.me or follow Mindspace on LinkedIn, Twitter and Facebook. For the types of agreements currently structured, operators earn administrative costs and share revenue with the lessor from a certain point, instead of simply having operators pay a lease and deter any benefit from land relocation. In fact, most agreements contain only a few key areas, as described in the following terms. PHILADELPHIA, Feb. 19, 2020 /PRNewswire/ — Mindspace, the global provider of coworking and flex space, today announced a new management agreement with a subsidiary of Rubenstein Partners, L.P. (with its subsidiaries “Rubenstein”) to open Mindspace`s first Philadelphia location in the Wanamaker Office Building (Wanamaker Office Building). The new site will include approximately 42,000 square meters of flexible office space, event spaces and tenant lounges and is expected to open in the third quarter of 2020.

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