A management and venture investment company acquired a local co-working and event space.
Vianet Management — based in Scottsdale, Arizona, with a Grand Rapids location — said Tuesday that it acquired The Factory, a co-working space founded by Aaron Schaap in 2009, at 38 W. Fulton St. in downtown Grand Rapids.
Terms of the deal were not disclosed.
The acquisition was finalized in early January, with Schaap serving in an advisory role through the transition.
“The community is strong here (at The Factory), and I’m excited to see it continue to grow with some new energy and additional resources,” Schaap said.
During the past decade, The Factory has hosted meetups and events, graduated hundreds of co-learners as a state-recognized school, and rented space to thousands of entrepreneurs and companies.
The Factory also offers space for speaking engagements and educational programming.
Alberto Garza is the new community manager of The Factory on behalf of Vianet. He brings over 10 years of banking experience in Grand Rapids and “looks forward to helping The Factory continue to be a staple of the West Michigan community.”
“I’m excited to take the reins and bring The Factory’s services and offerings to the next level,” Garza said. “We look forward to investing more resources into The Factory to continue to be West Michigan’s premier co-working space.”
Vianet Management offers digital product design and management, back-office services and venture investment.