VENTURE X® EXPANDS PRESENCE IN DOWNTOWN NASHVILLE, TN WITH STRATEGIC ACQUISITION

    NASHVILLE, TN, March 18, 2024 /24-7PressRelease/ -- Venture X®, a leading provider of flexible office spaces, is thrilled to announce its venture into the vibrant city of Nashville, TN, with the acquisition of the former Serendipity Labs space at 159 4th Avenue in downtown Nashville. The newly acquired space, spanning approximately 27,000 square feet across three floors, is housed in a historic building dating back to 1925—one of the first true office buildings in downtown Nashville.

This historic building played a pivotal role in the post-World War II economic boom in Nashville. Its repositioning was a catalyst that set off a domino effect, contributing significantly to the city's growth. Venture X recognizes the unique story behind this building and aims to integrate its rich history into the design and marketing of the space.

To transform the space into a state-of-the-art coworking environment, Venture X is committing to approximately $1,300,000 in upgrades that will redefine the current buildout. The result will be a workspace that stands apart from its predecessor, Serendipity Labs, showcasing the brand's commitment to providing modern, innovative, and upscale office solutions.

Situated just one block from the historic Ryman Auditorium and two blocks from Broadway, the location offers a prime spot in the heart of downtown Nashville. This strategic placement aligns with Venture X's mission to provide professionals with convenient and inspiring workspaces in sought-after locations.

Landlords and brokers instrumental in selecting the location and negotiating the agreement include Dustin Ballard, President/Head of Leasing with Tricera Capital (Landlord), along with Dan Bauchiero, Shelby Hall, and John Mudgett with Foundry Commercial, and Giovanni Palavicini, President/Founder of Fronteras (representing Venture X).

Richie Parsons, the Venture X franchise owner, expressed excitement about Venture X's expansion into Nashville, stating, "We are so excited to bring Venture X to Nashville. We will be remodeling a historic building downtown and plan to have offices available in late summer. The solid economic growth in Nashville has created a demand for professional, up-scale office space, and Venture X is the perfect solution to meet this demand. More details will be coming soon."

With a target opening in mid-summer, Venture X looks forward to contributing to Nashville's thriving business community and offering professionals a dynamic and collaborative workspace.

About Venture X
Venture X® is a shared workspace and flex office community that is a blend of a boutique hotel and modern office styles, with a high level of design that feels professional and welcoming. Each Venture X location features beautifully designed spaces and a highly developed environment within a community where people love coming to work every day. Venture X has been recognized by Inc. as one of the best coworking spaces in the United States. Venture X is also among the Starpoint Brands™ constellation of trusted companies representing the very best in their industries. For more information about Venture X visit www.venturex.com, and for information about franchise opportunities please visit www.venturexfranchise.com.

About Vast
The Vast Coworking Group specializes in franchising within the coworking industry, offering solutions, expertise, and shared service options within the flexible workspace franchise community. Part of the United Franchise Group™ (UFG) family of affiliated brands and consultants, Vast was founded in 2023 by Ray Titus, founder and CEO of United Franchise Group, with the express intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry, providing the largest privately owned affiliated franchise network of flexible, professional, and shared office space options on the planet. For more information about Vast, visit https://vastcoworking.com/.

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