TailoredSpace has opened a nearly 12,000-square-foot flex office location in the Orange County, Calif. metro at Laguna Design Center, a 280,979-square-foot retail campus in Laguna Niguel, Calif. This marks the flex office provider’s ninth coworking location in the country.
The firm will occupy the building’s entire first floor, which features 41 fully furnished private offices, phone rooms, conference rooms and business support services.
TailoredSpace partnered with landlord Dunhill Partners, which acquired the retail campus in 2016 for $46.3 million, according to CommercialEdge. The seven-building retail center came online in 1985 and includes 40 showrooms. Notable tenants at Laguna Design Center include Plumeria Cafe, Bassman Blaine and Exquisite Surfaces, among others.
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The company is also the owner of The Shoppes at Chino Hills, a 377,966-square-foot retail complex that hosts the largest TailoredSpace location.
Looking to expand in California
Located at 23807 Aliso Creek Road, the 12-acre property is close to multiple bus stops and allows easy access to Interstate 5 and State Highway 73. Additionally, Laguna Design Center is 14 miles from Newport Beach, Calif., and 16 miles from John Wayne Airport.
The company’s coworking portfolio currently has an average occupancy of 93 percent, with clients working in the financial services, technology, real estate and legal fields, said Co-Founder Drew Sanden in prepared remarks. The firm’s expansion plan will include future locations in Los Angeles, San Diego and Orange counties.
In August, the company’s sister brand, SimplerSpace, marked its third coworking location by opening a new space at Chino Corporate Center, a 58,573-square-foot office building in Chino, Calif. The 13,500-square-foot location is across the property’s entire fourth floor and provides 50 private offices and suites.
