Global coworking franchise coming to Chesapeake

Venture X, a global coworking office space franchise, is entering the Hampton Roads market, with its first location coming to Summit Pointe in Chesapeake, Cushman & Wakefield | Thalhimer announced Tuesday.

HMP Properties LLC, a Venture X franchisee, has leased 18,543 square feet of space in the 555 Belaire office tower, which is part of Summit Pointe, a mixed-use development from Summit Pointe Realty LLC, a subsidiary of Fortune 500 discount retailer Dollar Tree Inc. Under development since 2018, Summit Pointe includes Dollar Tree’s corporate headquarters tower, as well as restaurants and the Mosaic, Vista and Helix apartment communities.

Sahil Patel, managing partner of HMP Properties, will oversee the buildout, opening and management of the Venture X location.

Rob Wright of Cushman & Wakefield | Thalhimer handled leasing negotiations on behalf of Venture X, which already has locations in Richmond, Fairfax, Ashburn and Arlington.

When Summit Pointe’s three phases are completed, which includes the extension of Belaire Avenue to better connect the project with the rest of the Greenbrier district, the development is expected to include 1.75 million square feet of office and retail space plus more than 1,400 apartment units.