Chicago-headquartered Level Office, which operates membership-based office and coworking spaces, has acquired a downtown San Diego office building, with plans for significant renovations.
The acquisition price was not immediately available for the property at 1111 Sixth Ave. A company statement said Level Office acquired the building on Sept. 27 and plans to begin renovations, with pre-leasing underway.
“San Diego’s small businesses and entrepreneurs are experiencing phenomenal growth, and we’re excited to offer them workspaces that are flexible and budget-friendly, all within a beautiful building,” said Level Office founder Bill Bennett.
Monthly pricing for space at the property will range from $199 to $549.
The 65,000-square-foot building was built in 1913. According to CoStar Group, it was previously renovated in 1989 and sold for $7.65 million in 2004.
Level Office officials said the acquired building has a rooftop deck and bar, on-site game room, vaulted ceilings and underground parking garage. The company plans to offer six floors of private, furnished offices and communal lounge areas with amenities including an espresso bar, high-speed fiber Internet, local beer on tap, and on-site administrative support.
The company’s seven current U.S. locations include Chicago, Dallas, Houston and Seattle.