CIM Group Announces Serendipity Labs Lease at L & C Tower Complex

First Tenant Announced at the Remodeled 159 4th Avenue Building

NASHVILLE--()--CIM Group today announced that Serendipity Labs Coworking has signed a lease to be the first tenant in the remodeled 159 4th Avenue North building of the L & C Tower complex, and will occupy approximately 15,000 square feet including a portion of the first floor and the entire second floor of the nine-story building. Serendipity Labs is a members-only, upscale workplace provider that includes full-time and part-time coworking, dedicated private offices, and team rooms for established professionals. Serendipity Labs’ Nashville location will open this summer.

Since acquiring the L & C complex in September 2015, CIM has undertaken a comprehensive renovation program at both the iconic L & C Tower office building located at 401 Church Street and at 159 4th Avenue North.

New tenant amenities and upgrades to the 272,000-square-foot, 30-story L & C Tower’s exterior and lobby are near completion. A new building entrance canopy designed as a glass box provides height and light as well as an enhanced identity at the street. To activate the pedestrian experience, CIM is updating the streetscape program with decorative planters and expanded the pedestrian walkway with terrazzo paving around the building’s perimeter on 4th and Church Streets, placing new shade trees closer to the street.

At 159 4th Avenue North, renovations are in progress for the lobby remodel, elevator cab upgrades, common area upgrades including restrooms, covered bike storage, a tenant amenity gym, and exterior streetscape improvements including outdoor seating for a new coffee shop, Dunn Brothers Coffee.

Modernized office suites at L & C Tower and at 159 Fourth Avenue North are currently available.

About CIM Group

Established in 1994, CIM is a leading partner for global institutional investors seeking to invest in real assets located in and serving urban communities with a principal focus on North America. CIM is a real assets manager with investment strategies in opportunistic, stabilized, and value-add real estate, real estate debt, and infrastructure. CIM’s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and property management capabilities. Headquartered in Los Angeles, CIM maintains regional offices in New York City, Oakland, CA, Bethesda, MD, and Dallas. For more information, please visit www.cimgroup.com

About Serendipity Labs, Inc.

Headquartered in Rye, NY, Serendipity Labs Coworking, Inc., was established by industry leader John Arenas in 2013. With six open Labs and over 100 coworking locations in development, Serendipity Labs delivers an upscale experience for mobile professionals, independent workers and project teams. Dedicated private offices, team rooms, full-time and part-time coworking memberships and day passes are available, as are corporate memberships with centralized billing and reporting. Membership includes access to any Serendipity Labs workplace. The cloud-based, proprietary technology platform meets the highest business and government security standards. Serendipity Labs is growing through owned, managed and franchised locations in office buildings, high-rise residential projects, hotels and retail properties. www.serendipitylabs.com.

Contacts

CIM Group
Bill Mendel, 212-397-1030
bill@mendelcommunications.com
or
Serendipity Labs, Inc.
Laura Hamburg, 914-262-9508
lhamburg@hamburgcommunications.com

Contacts

CIM Group
Bill Mendel, 212-397-1030
bill@mendelcommunications.com
or
Serendipity Labs, Inc.
Laura Hamburg, 914-262-9508
lhamburg@hamburgcommunications.com