It All Starts With One Office
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About CEO

Colley Executive Offices was created to inspire growth and prosperity in the Hampton Roads market.

Locally owned and operated since its founding in 2016, Colley Executive Offices (CEO) is the brainchild of Shahpor "Ben" Mahgerefteh, an immigrant from Iran who traveled to this country in search of the American Dream. Arriving some 43 years ago with near to nothing, he would soon open a car dealership in Portsmouth, Virginia, the first of several successful ventures in the area of commercial development and industrial centers across the region.

Ben's latest project, Colley Executive Offices (CEO), emerged out of his desire to help other small businesses to thrive. It offers all-inclusive private office spaces, with every amenity a business needs in order to focus on what matters most: growth and profit making. In Mahgerfteh’s words: “Our ultimate goal is to have everything taken care of for the business owner. The idea is that they start here, and when they outgrow the space and are ready to move into larger, more conventional space, we can help them with that, too.” To that end, the Mahgereftehs also own Prestige Realty Group, a commercial real estate company in Norfolk. 

CEO has two locations, on Colley and Granby. Both offer beautiful conference rooms, as well as convenient and free on-site parking, which make attracting new clients and meeting with them a breeze. Complimentary stylish and ergonomic office furniture minimizes initial move-in costs. Private direct phone lines, with voice mail, and individual mailing addresses allow each business to fulfill its license obligations. They also provide wide-ranging visibility and easy access for potential customers.

Every office, which ranges from 60 to 370 square feet in size, features a direct in-office port delivering the fastest wired high-speed internet available, with an excellent level of sensitive data protection. Security is CEO’s top concern, including physical security, so electronic key fobs are provided for entrance to both buildings. In addition, floodlights illumine the parking lots of both facilities from dusk to dawn, in the interest of safety for anyone working late.

CEO’s two facilities in Norfolk, on Colley and Granby, are located close to an ever-increasing number of community partners. This makes them ideal places for any small business on the verge of growth, as well as for satellite offices of larger companies. Already both buildings are home to a wide variety of tenants in the areas of construction, cleaning supplies, food service, home health care, therapy, and the arts, among other sectors. 

Once more, in the words of Michael Mahgerefteh, Ben’s son and facilities manager for the family-owned business, “We love seeing people and businesses grow.” This desire to assist the business community and witness its manifold successes makes Colley Executive Offices, with its thoughtfully designed, all-inclusive approach, the model setting for the striving enterprise.

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PRESS

Executive office company has second Norfolk location

INSIDE BUSINESS 
NOV 25, 2019  4:47 PM
Colley Executive Offices on Granby Street in Norfolk has office spaces for lease.
Colley Executive Offices on Granby Street in Norfolk has office spaces for lease. (Courtesy / HANDOUT)

Shahpor “Ben” Mahgerefteh wishes he had more resources – which he is now providing to others – when he immigrated to the U.S. 43 years ago from Iran. Mahgerefteh, who started with nothing, opened Prestige Auto Brokers, a used car dealership in Portsmouth, within two years of coming to this country.

He still owns the business, but it has a different operator so Mahgerefteh can concentrate on his next business venture.

“As he became more successful, he began investing in commercial real estate,” his son, Michael Mahgerefteh said.

Excited to help Hampton Roads’ businesses establish their workspace and in turn, help the community, the elder Mahgerefteh began a new endeavor when he opened Colley Executive Offices at 5215 Colley Avenue three years ago in the former YWCA building.

The facility offers private all-inclusive office spaces with three-, six- or 12-month lease options.

With the success of CEO, as it known, Mahgerefteh opened a second Norfolk location in March in the former MyTVZ building at 900 Granby St.

“We are not a co-working space; each of our office spaces is private,” said Michael Mahgerefteh, facilities manager for the family-owned business.

Prices, which include utilities, insurance and real estate taxes, start at $375 per month for a 60-square-foot office and up to $900 per month for a 370-square-foot office.

Mahgerefteh said both buildings have a wide variety of tenants including construction, cleaning, home health care, artists and therapists.

“It’s everyone under the sun,” he said. “We have people just starting out to very big companies with satellite locations.”

The two-story building has an elevator, free onsite parking, electronic key fobs for entrance and 24-hour lights for security.

A receptionist greets and escorts visitors which, Mahgerefteh said, can give tenants peace of mind about the building’s safety.

Each of the 110 offices comes with the same amenities — free furniture, internet, a direct private phone number with voicemail and a direct mailbox.

The facility has seven conference rooms which each tenant can use free for eight hours a month.

“We feel the setting is so important for your deal,” said Mahgerefteh, noting there is a waiting area and large break room, too.

He said each office is designed to be expanded as a business grows.

“We highly encourage our tenants to move into bigger spaces during their lease term so they’re not stuck in the same space,” he said. “We love seeing people grow.”

Tenants are also offered a variety of discounts from other businesses such as lunch specials and office supplies.

Frank Reid, owner of Champion Fences Inc., said after scaling down his business, he knew he needed to downsize his office space, too.

“I didn’t need the larger office and warehouse space anymore,” Reid said of the approximately 4,500-square-foot space he previously leased on Colonial Avenue.

That’s when he decided to lease at CEO on Granby this past summer.

“It fit my needs at the time and has worked out really well,” he said. “It’s all-inclusive and comfortable.”

The Colley Avenue location has a bakery on the first floor and a coffee shop is slated to open on the first floor of the Granby Street location.

“Really our ultimate goal is to have everything taken care of for you,” Mahgerefteh said. “And all you need to do is focus on what matters – which is your business, growing it and making money.”

The Mahgereftehs also own Prestige Realty Group, a commercial real estate company in Norfolk.

“The idea is that they start here and then when they outgrow the space and are ready to move into more conventional space our company can help them with that,” he said.

Sandra J. Pennecke, 757-222-5356, sandra.pennecke@insidebiz.com

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Granby Street

900 Granby Street,
Norfolk VA, 23510
757-756-5200

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5215 Colley Avenue,
Norfolk, VA 23508
757-226-8126

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