UberOffices just bought its first building

UberOffices, the rapidly growing network of coworking spaces that first launched in Arlington, has bought its first building in the trendy Logan Circle area.
“It’s about where do you want to plant a flag for the next 30 to 40 years,” said UberOffices founder and CEO Raymond Rahbar. “Can you think of a cooler neighborhood?”
The new location will be one of nine currently in the works, including two in Philadelphia and three in Chicago. UberOffices has five spaces up and running at this stage.
UberOffices bought the building, at 1509 16th St. NW, from Family Matters of Greater Washington for $14.5 million, with an estimated renovation cost of $5 million.
The new location will comprise 35,000 square feet on multiple levels, and is set to open in February 2016, said Rahbar.