Preferred Offices Acquires Synergy Workplaces Locations; Expands Operations Outside Of Washington, DC-Metro Area To Seven Major Business Markets Across The Country
Growth of Alternative Workplace Market Demonstrates Need for Integrated, Flexible Work Spaces for Professionals and Growth Enterprises
WASHINGTON, August 28 2009 – Preferred Offices, a Washington, DC-based provider of alternative workplace solutions, has acquired certain business center assets of New York-based Synergy Workplaces. With this acquisition, Preferred more than doubles its operations from ten locations throughout metro-Washington, DC to a total of twenty three offices in seven new markets, including southern California, Florida, Atlanta, Boston, northern New Jersey, Westchester (NY) County, and Chicago. Preferred, through its Preferred Offices and Synergy brands, now operates innovative workplaces meeting the needs of more than 1,500 clients nationwide.
Preferred provides fully-equipped, furnished, staffed and technology-enabled office environments on highly flexible terms. Growth enterprises and independent professionals utilize Preferred’s “offices on demand” model to forego both the costly fixed investment in workplace infrastructure and the inflexibility of long term lease obligations. By using this service, small businesses can access the space market in a highly efficient manner and growth enterprises can constantly tailor their offices to meet their rapidly changing circumstances.
“We are delighted to complete the acquisition of Synergy Workplaces, which has carved out a niche as one of the most innovative companies in the alternative workplace sector. This acquisition creates an opportunity for Preferred to build on that innovation, and to expand into several key US markets,” said Joe Wallace, chief executive officer of Preferred Group. “Like Synergy, we believe everyone deserves a great office: great looking, highly functioning, professional, stimulating, and fully-equipped with reliable communications and data infrastructure. We try to make a positive difference in the lives of our clients every single day. “
Wallace added that, “We believe that businesses are rethinking their approach to how they create and provision work environments—they want to tie up less capital, shed long term obligations, stay flexible, and move the workplace closer to employees and clients. We aim to play a material part in that reshaping, and to help change the way people work in the future. Incorporating the vibrant Synergy brand into Preferred Offices, and bringing on Synergy’s dedicated team members moves us closer to that goal.”
About Preferred Offices
Founded in 2003, Preferred Offices is a privately-held Washington, DC-based provider of alternative workplace solutions. Preferred’s mission is to offer dynamic business environments and services to both independent professionals and organizations of all sizes that have small or rapidly changing work space requirements. Created by Washington DC business leader Oliver T. Carr, Jr, as a means to help small and entrepreneurial organizations overcome the barriers to obtaining professional workspace, Preferred Offices serves more than 1,500 clients in Washington DC, Boston, New York Tri-State area, Atlanta, South Florida, Chicago, and Southern California. More information is available at
www.preferredoffices.com.
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