Plug-and-play offices on the rise?
Published
The JACK Group, a collaboration of The JCR Cos., CAS Riegler, and Snead Construction, has transformed an Alexandria office building into The Agency at 950. It offers more than 50 “plug-and-play” executive office and co-working suites designed for consultants, small businesses and companies seeking temporary office space.
JACK said in a news release that it has leased space to such diverse businesses as government contractors, photographers, event planners and information technology firms.
The project’s offices allow tenants to enjoy the building’s amenities along with their own personal office space. Seven co-working offices are designed to accommodate six to 10 users within the same organization.
Drop-in spaces also are available. The smallest office suite is 65 square feet while the largest office in the mezzanine area is 2,000 square feet. Prices are based upon locations and whether offices are furnished, with average asking prices $75 to 85 per square foot per year.
Shared building amenities include a lounge area and café, conference rooms, event space, outdoor patios and on-site covered parking.
Located at 950 N. Washington St., The Agency is close to the Braddock Road Metro as well as the shops, restaurants and services of Old Town Alexandria.
JACK acquired the 26,347-square-foot building earlier this year from the American Association of Physician Assistants.
“We are pleased to offer well-located, competitively priced co-working and executive office space in Old Town Alexandria,” said Joe Reger, managing partner of The JCR Cos. “With the success of this project, we are currently focusing on acquiring additional unique, infill office buildings in the Washington, D.C. area,” Reger added.
The JACK Group was created in 2013 as a collaboration of three Washington, D.C. real estate firms: The JCR Cos., CAS Riegler Cos. and RS Snead Construction. Combining JCR’s retail experience with CAS Riegler’s residential development expertise and Snead’s construction management capabilities, the group offers a range of real estate services including leasing, acquisition, development, and construction.
