No, Microsoft is not going to acquire WeWork and rename it Microsoft Office. But using WeWork’s coming Capitol Hill assets — and the global technology giant steering clear of longterm leases of its own — do appear to be part of the plan.
The Seattle Daily Journal of Commerce has reported that the Redmond-based tech giant will lease an entire floor of the coming five-story Capitol Hill WeWork.
CHS reported last week on coworking around the neighborhood and the delayed arrival of WeWork on 11th Ave.
The move fits in with WeWork’s apparent longterm strategy of increasingly leaning on the business of large companies and their growing needs for flexible office space for new teams and initiatives and acquisitions mixed with an even more rapidly growing reluctance to get bogged down in longterm, ten-year or more leases required to nail down prime office buildings.
The preservation incentive-boosted Kelly Springfield Building is being readied by developer Legacy Commercial with five stories of dedicated WeWork space including “light-filled lounges, modern conference rooms, and sleek private offices” and some of the rapidly growing company’s newest features like the Made by We store.
Muzzled by a Securities and Exchange Commission-mandated quiet period as the company moves toward its troubled IPO, WeWork has yet to publicly announce an official opening for the Capitol Hill project.
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