SACRAMENTO, CA — Wework today announces its second location in Sacramento and the start of an exciting new partnership with Downtown Commons (DOCO), JMA Ventures, and the Sacramento Kings.
WeWork’s newest Sacramento location will span approximately 96,300+ RSF across the top three floors at 660 J Street (near the corner of 7th and J Streets) and will complement WeWork’s first Sacramento location at 400 Capitol Mall. The space will offer beautifully designed workspace space, hot desks, bookable conference rooms, and common areas designed for flexibility, collaboration, and connection, helping entrepreneurs and businesses of all sizes grow and thrive in Sacramento.
The lease signing includes an exclusive partnership with the Sacramento Kings, where WeWork will provide a year of fully-sponsored workspace for the future winner of the Sacramento Kings’ annual Capitalize contest. Capitalize is an NBA crowdsourced startup pitch contest showcasing local entrepreneurs from all industries, with the Sacramento Kings as the first team to implement the program in the United States.
The two-round tournament provides the best and brightest innovators in the community with the opportunity to compete on a global stage, where they’ll pitch to local investors and technology executives, and vie for a cash prize and WeWork space. With access to the NBA’s robust community and WeWork’s global platform, this partnership will not only provide local talent with the boost they need to grow, but will also a strong support system, a powerful network, and a wealth of resources to succeed in the long-term.
Sacramento Kings Chairman and Owner Vivek Ranadivé:
“We’re so pleased to partner with WeWork, their presence downtown strengthens the technology-focused, start-up environment that is thriving in Sacramento,” said Sacramento Kings Chairman and Owner Vivek Ranadivé. “WeWork’s innovative spiritand focus on creating communities perfectly complements the emerging lifestyle and entertainment district we have set out to build as we seek to create a gathering place for all of Sacramento to enjoy in the heart of the city.”
“We’re thrilled to be a part of the DOCO neighborhood and to merge our collective communities over our shared values and missions,” said Elton Kwok, WeWork’s General Manager for the Northern California Region. “With co-led events and experiences between members and Kings fans, we truly hope to create a campus for the future, where each partner is truly invested in the experiences that happen within that community in a way that’s accessible, meaningful, and fun.”Todd Chapman, President of JMA Ventures:
“We are excited to have a new economy industry leader like WeWork select DOCO as its flagship location in the Sacramento Market,” said JMA Ventures President Todd Chapman. “With WeWork being the largest private sector office tenant in Downtown Sacramento in over a decade, it validates the transformative nature of DOCO on the entire region.”Ron Thomas, Executive Director, Managing Principal with Cushman & Wakefield’s Sacramento office:
“We are proud to have served as the broker for both WeWork and the Sacramento Kings on this transformational office addition to DOCO,” said Executive Director and Managing Principal with Cushman & Wakefield’s Sacramento office Ron Thomas. “This project continues the DOCO evolution for how people experience the downtown core and demonstrates that new retail and residential offerings are attractive to office employers looking to capitalize on Sacramento’s urban renaissance.”
WeWork provides more than 466,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork’s mission is to help create a world where people work to make a life, not just a living. Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 485 physical locations in over 105 cities and 28 countries around the world.
About DOCO (Downtown Commons)
Centrally located in the heart of downtown Sacramento, DOCO was developed in partnership by the Sacramento Kings and JMA Ventures LLC. Adjacent to Golden 1 Center (the world’s most technologically advanced and sustainable arena), DOCO is an emerging entertainment and lifestyle district in Sacramento’s dynamic urban core showcased by 1.8 million square feet of incredible retail destinations, bars and restaurants, office space, residential units, the Sawyer Hotel (a 250-room boutique hotel managed by Kimpton Hotels), and the vibrant and iconic sculpture by Jeff Koons titled Coloring Book.