Office Space News
Regus Opens Business Center in Princeton’s Carnegie Center
Published September 28th, 2009 by Jennifer LeClaire
Showing no signs of slowing down with its serviced office launches, The Regus Group just announced another new location. This time, Regus is targeting the prestigious Carnegie Center in Princeton, New Jersey in its quest to for its next 1,000 locations.
Regus’ newest business center spans 15,000 square feet on the third floor of 103 Carnegie center. The latest project offers up 77 individual office spaces and one board room. 103 Carnegie Center is a three-story, 96,000 square foot, Class-A office building. The building offers amenities like the Hyatt-Regency Princeton Hotel, on-site child care, a post office and retail banking services.
“Our new center is located in the heart of the Carnegie Center office complex, one of Princeton’s most desirable addresses,” says Donna Scott, East Region vice president for Regus. “The high-profile location combined with the cost-effectiveness of our offerings make this a very attractive business address for organizations of all sizes, from one-person start-ups to satellite offices for a Fortune 500.”
Making the Serviced Office Move
With its latest office space, Regus is helping some of its clients make the transition from virtual office client to serviced office space client. CrowdConnect, a Princeton-based full-service marketing and advertising agency, is one example.
CrowdConnect was tapping into Regus’ virtual office solution to get a full-time address and phone number in an attractive location. As a virtual office space customer, CrowdConnect had access to office space, meeting rooms and other amenities when its employees needed to host client meetings. The company recently upgraded to a full-time office because of the additional benefits it offers the growing company.
“As an entrepreneur I need to portray the right image to my clients and prospects and Regus helps me achieve this objective. The full-time office offers me and my staff a convenient, professional, private place to host meetings,” says Patrick Diogenia, founding partner at CrowdConnect. “It’s also a major benefit because Regus and its onsite staff take care of all my real estate needs, which allows me to focus on growing my business.”
The Office Space Advantage
Like CrowdConnect, Regus Carnegie Center clients that opt for the full-service business center lease can choose from a range of business-ready workplace products, such as fully furnished, fully-staffed private offices, meeting rooms, and on-site business and administrative support services. The center will hold its official grand opening event on October 14, from 1:00 to 3:00 p.m.
Over and over again, Regus says its clients typically experience up to a 60 percent savings on their facilities costs over leasing traditional office space. “We’re finding that especially during these uncertain times companies are avoiding getting locked into long-term, risky office space leases and are increasingly turning to our model of flexible, cost-effective, turnkey workplace solutions,” Scott says. “This will be our 22nd New Jersey area center.”
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Melanie Jones September 28th, 2009 at 9:54 am
Regus looks like a fast-moving locomotive in the serviced office industry, flying past seemingly every other operator in the business. I am always amazed at how fast they are moving. It almost seems like they are outpacing the entire industry put together. But that’s probably because the other companies in the serviced office space don’t promote their openings as broadly.
Elizabeth Sanchez September 28th, 2009 at 1:08 pm
Princeton has to be a hot spot for serviced office suites. I bet there’s a lot of start-ups there, including university spinoffs. I also thought it was interesting that Regus has 22 business centers in New Jersey. At some level, that doesn’t seem like too many. But then again when you consider that there are only about 1,000 in the whole wide world, having 22 in one state is notable.
Marcus Hester September 28th, 2009 at 1:11 pm
Looks like Regus is rolling ahead. There is already a serviced office operator at Carnegie Center, so Regus is competing directly against another company in the same building. That’s telling. In fact, I did a quick search in the office directory on this site. There are at least five executive office suites companies in Princeton. I am sure they aren’t going to welcome Regus with open arms.
Maggie Correta September 28th, 2009 at 3:21 pm
Regus does keep throwing around that 60 percent savings number. I wonder how, though, Regus compares price-wise to other serviced offices. I am sure it varies depending on what building and what location you are in. A Manhattan location has got to be more expensive than a Kansas location. But what about a Regus and a single-operator in Kansas? I bet Regus is more expensive.