Alexandria-Based Coworking Provider To Expand Into Torpedo Factory Office Building

A coworking company that launched last year in Alexandria is now expanding to a second location along the waterfront that will be more than three times as large as its debut space.

ALX Community announced Tuesday it signed a 25K SF lease at 201 North Union St. for a coworking space it plans to open in October.

Boundary Cos. purchased the 106K SF building, with financing from EagleBank, for $39M in a deal that closed Monday, Boundary Cos. President John Wilkinson said. The lease with ALX Community brings the property to 100% occupancy. The building sits two blocks north of King Street along the Old Town Alexandria waterfront, a historic area that has several new developments moving forward.

“The building’s water views, functional floor plates, high ceiling heights, and access to Old’s Town’s vibrant amenity base coupled with ALX’s high design and operating standards will certainly aid their members’ pursuit of potential,” Wilkinson said in a release.