WeWork Expands their Sacramento Presence with New Location in Downtown Commons and Announces Strategic Community Partnership with the Sacramento King

SACRAMENTO, CA – Today, Downtown Commons (DOCO), the Sacramento Kings, WeWork and JMA Ventures announced WeWork’s second location in Sacramento and the start of an exciting new partnership.

WeWork’s newest Sacramento location will span approximately 96,300+ RSF across the top three floors at 660 J Street (near the corner of 7th and J Streets) and will complement WeWork’s first Sacramento location at 400 Capitol Mall. The space will offer beautifully designed workspaces, hot desks, bookable conference rooms, and common areas designed for flexibility, collaboration, and connection, helping entrepreneurs and businesses of all sizes grow and thrive in Sacramento.

The lease signing includes an exclusive partnership with the Sacramento Kings, where WeWork will provide a year of fully-sponsored workspace for the future winner of the Sacramento Kings’ annual Capitalize contest, Capitalize is an NBA crowdsourced startup pitch contest showcasing local entrepreneurs from all industries, with the Sacramento Kings as the first team to implement the program in the United States. The two-round tournament provides the best and brightest innovators in the community with the opportunity to compete on a global stage, where they’ll pitch to local investors and technology executives and vie for a cash prize and WeWork space. With access to the NBA’s robust community and WeWork’s global platform, this partnership will not only provide local talent with the boost they need to grow, but will also provide a strong support system, a powerful network, a wealth of resources to succeed in the long-term.

Sacramento Kings Chairman and Owner Vivek Ranadivé:

“We’re so pleased to partner with WeWork, their presence downtown strengthens the technology-focused, start-up environment that is thriving in Sacramento,” said Sacramento Kings Chairman and Owner Vivek Ranadivé. “WeWork’s innovative spirit and focus on creating communities perfectly complements the emerging lifestyle and entertainment district we have set out to build as we seek to create a gathering place for all of Sacramento to enjoy in the heart of the city.”

Elton Kwok, WeWork General Manager, Northern California:

“We’re thrilled to be a part of the DOCO neighborhood and to merge our collective communities over our shared values and missions,” said WeWork General Manager for the Northern California Region Elton Kwok. “With co-led events and experiences between members and Kings fans, we truly hope to create a campus for the future, where each partner is truly invested in the experiences that happen within that community in a way that’s accessible, meaningful, and fun.”

Todd Chapman, President of JMA Ventures:

“We are excited to have a new economy industry leader like WeWork select DOCO as its flagship location in the Sacramento Market,” said JMA Ventures President Todd Chapman. “With WeWork being the largest private sector office tenant in Downtown Sacramento in over a decade, it validates the transformative nature of DOCO on the entire region.”

Ron Thomas, Executive Director, Managing Principal with Cushman & Wakefield’s Sacramento office:

“We are proud to have served as the broker for both WeWork and the Sacramento Kings on this transformational office addition to DOCO,” said Executive Director and Managing Principal with Cushman & Wakefield’s Sacramento office Ron Thomas. “This project continues the DOCO evolution for how people experience the downtown core and demonstrates that new retail and residential offerings are attractive to office employers looking to capitalize on Sacramento’s urban renaissance.”

WeWork at 660 J Street is expected to open in 2021.

 

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About WeWork

WeWork provides more than 466,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork’s mission is to help create a world where people work to make a life, not just a living. Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 485 physical locations in over 105 cities and 28 countries around the world. Follow us @WeWork on Twitter, Instagram, and Facebook or visit www.wework.com to learn more.

About DOCO (Downtown Commons)

Centrally located in the heart of downtown Sacramento, DOCO was developed in partnership by the Sacramento Kings and JMA Ventures LLC. Adjacent to Golden 1 Center (the world’s most technologically advanced and sustainable arena), DOCO is an emerging entertainment and lifestyle district in Sacramento’s dynamic urban core showcased by 1.8 million square feet of incredible retail destinations, bars and restaurants, office space, residential units, the Sawyer Hotel (a 250-room boutique hotel managed by Kimpton Hotels), and the vibrant and iconic sculpture by Jeff Koons titled “Coloring Book.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

2019-07-15T12:14:11-07:00July 15th, 2019|In the News|