The acquisition of four existing flexible workspaces in Dallas-Fort Worth by multi-unit franchise owners Kevin and Geidre Priddy represents a significant expansion for the Venture X brand in a competitive market. The Priddys, operating through their company Priddy Spaces, acquired the locations from Plano-based commercial landlord Michael Comegys, who sought experienced flex workspace operators to manage the spaces. This transaction highlights the evolving relationship between commercial landlords and specialized flexible workspace operators in the post-pandemic hybrid work environment.
Kevin Priddy emphasized the strategic importance of this expansion, noting that Dallas-Fort Worth represents a high-growth market with strong demographics. "With the evolution of hybrid work and corporate real estate strategy in recent years, flex office space is a true asset to commercial landlords," Priddy stated. The four locations being converted were previously branded as CityCentral and are now offering Venture X's signature amenities and hospitality-centric member experience. This expansion brings Venture X's total Dallas-Fort Worth presence to over a dozen locations, providing flexible, sophisticated workspaces for professionals and businesses across the metropolitan area.
The specific locations include Venture X Downtown Fort Worth at 600 W. 6th St., Suite 400, Fort Worth, TX 76102; Venture X Plano West at 6010 W. Spring Creek, Plano, TX 75024; Venture X Plano East at 500 N. Central Expressway, Suite 500, Plano, TX 75074; and Venture X Dallas-Addison at 17250 Dallas Parkway, Dallas, TX 75248. These spaces range from approximately 22,530 to 40,000 square feet and collectively offer hundreds of private offices alongside shared workspace solutions.
This expansion is particularly significant as it demonstrates the continued growth of flexible workspace models despite economic uncertainties. Venture X, along with sister brands Office Evolution and Intelligent Office, is part of Vast Coworking Group, the largest privately owned franchisor of coworking spaces and second-largest network in North America by number of locations. Vast President Jason Anderson praised the Priddys as "outstanding franchise owners who consistently exemplify what it means to operate at a high level within our system," noting their disciplined growth and operational excellence.
The Priddys began developing their coworking portfolio with the acquisition of a Venture X location in West Palm Beach, Florida in 2022 and have since grown it to seven total Venture X locations and one Office Evolution location currently operating, with several more in active development. Their expansion strategy includes not only Dallas-Fort Worth but also ongoing development in South and Central Florida and Metro Atlanta markets. For more information about Venture X locations, visit www.venturex.com.
This acquisition matters because it reflects broader trends in commercial real estate where traditional landlords are increasingly partnering with specialized flexible workspace operators to maximize property value and meet evolving tenant demands. As hybrid work arrangements become more permanent, businesses of all sizes are seeking flexible office solutions that provide professional environments without long-term lease commitments. The growth of Venture X in Dallas-Fort Worth indicates sustained demand for premium flexible workspace options in major metropolitan areas, suggesting that the flexible office sector continues to expand despite economic headwinds that have affected other commercial real estate segments.
