Armada Hoffler announced its decision to continue its lease with WeWork at its trophy One City Center property, reinforcing its commitment to fostering innovation in the Durham, North Carolina region. Situated in Durham, One City Center has emerged as a premier hub for creativity and collaboration, attracting businesses eager to thrive in a dynamic environment. WeWork's presence in the building has been instrumental in cultivating this vibrant ecosystem, serving as the sole WeWork location in the Durham area.

Following an anticipated transition period through the end of 2024, under terms previously negotiated in Spring of 2023, WeWork will continue to occupy a full floor on a long-term lease at market rates, further solidifying the commitment to a mutually beneficial relationship. This agreement not only ensures stability for both parties but also reinforces the status of One City Center as a premier destination for innovation in Durham. Armada Hoffler looks forward to continuing its collaboration with WeWork and further contributing to the success of businesses in Durham, North Carolina.