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The Regus Group News

Regus Signs Lease Deal to Locate a New Center in Downtown Baltimore's Inner Harbor

DALLAS, Feb. 14 PRNewswire-FirstCall — The Regus Group (LSE: RGU), the world's largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it has signed a lease agreement to open a new 12,000 square foot center in downtown Baltimore's historic Inner Harbor. The landlord for the project is PDL Pratt Associates, LLC and the term of the lease is 128 months. CB Richard Ellis, Inc. represented Regus in the transaction.

The new Regus business center will be located on the eighth floor of 400 East Pratt Street and will feature 53 offices, 90 workstations, one board room, and one videoconferencing studio. Regus' Inner Harbor Center offers panoramic views of the Baltimore Harbor and is surrounded by numerous amenities including luxurious hotels, museums, fine dining establishments, and entertainment and sports venues.

"Our clients have long been requesting that we expand into Baltimore and we couldn't have selected a more ideal location for our first center in the city," said Michael Berretta, vice president of Business Development for Regus. "Inner Harbor offers our clients the unique opportunity to office in one of the most popular areas of the city."

Berretta added, "With its convenient location in the heart of Baltimore's Central Business District and proximity to all of the points of interest this historic area has to offer, we anticipate a great deal of demand for our new Inner Harbor Center."

"It is an exciting time in Baltimore and Regus' commitment to the city is a sign of the continued growth of Baltimore's identity as a major player on a national level," said David Fields vice president of Global Corporate Services with CB Richard Ellis.

"We are extremely pleased that Regus has selected the Inner Harbor Center as their first Baltimore location. We believe they will be a great asset to the building as well as the city of Baltimore," said David Leibowits, vice president for PDL Investment Company.

Regus offers its clients a number of benefits including: the freedom to grow, downsize, or expand their business to another geographic location with minimal disruption; simple, one-page contracts; one, fixed monthly price, that includes everything they need to run their business; state-of-the-art IT; and a global network of more than 950 locations that allow members unlimited access to Regus business lounges worldwide.

Every day Regus provides more than 200,000 clients worldwide with flexible and cost-effective workplace options to meet their specific needs. Whether using a fully furnished office, a virtual office that provides clients with a local business address, meeting rooms or videoconferencing facilities, businesses working with Regus are able to establish an immediate presence at prime business center locations such as the Inner Harbor Center.

About The Regus Group

The Regus Group is the world's leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it's from home, on the road or from an office.

Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group, allowing them to focus on their core business.

Over 200,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.

For more information, visit http://www.regus.com.

SOURCE The Regus Group

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