Orange County Register

VC investments fall…Business Buzz…

TechSpace is a 150,000-square-foot office complex in Aliso Viejo built to supply the needs of young companies:

• No long-term leases
• Shared services, such as receptionist and break rooms, that cuts costs
• Internet and computer servers that meets even high-demand tenants and still allow them to move to larger or smaller offices within the complex.

Base leases are probably higher than traditional offices, but the overall costs, including phones and furniture, are lower, says Victor Memenas, TechSpace’s chief operating officer.

The complex originally opened as Enfrastructure in 2002, after the technology bubble burst. That meant tight times for the building ownership as well as the tenants.

They acquired an East Coast company with a similar concept, expanded its tenant focus to any type of company in need of flexible space. It has been more than 90 percent leased since 2003.

“TechSpace is a capital efficient way to grow. You just unplug your computers, take the Ethernet cables out, move to the new space and plug in. You’re up and running again in two hours,” says Mark Thacker, co-founder of DATAllegro, which was in TechSpace for four years and recently moved into its own space. “The phone number and address stayed the same so we didn’t have to buy new business cards and stationary every time we moved.”

Read my column here about why certain fledging companies prefer nontraditional offices like TechSpace.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.