The Real Deal New York

WeWork inks 240K sf lease at 85 Broad Street

Office space provider to take up six floors at the property

February 25, 2015 10:20AM

From left: Miguel McKelvey and Adam Neumann

From left: Miguel McKelvey and Adam Neumann

WeWork has leased 240,000 square feet at 85 Broad Street.

The office space provider’s deal at the 1.1 million-square-foot, former Goldman Sachs building near Stone Street is the first major lease of the year, according to the New York Post.

Asking rents for the space — WeWork inked a lease for the 16th through 18th and 28th through 30th floors — ranged from the $50s to the mid $60s, according to the Post.

Goldman Sachs sold the building to MetLife in 1985 for $74.4 million, according to the newspaper. Last year, Beacon Capital Partners bought a stake in the property for an undisclosed amount.

Miguel McKelvey’s and Adam Neumann’s WeWork was valued at $5 billion in December.The provider of office suites opened its first Midtown outpost last year, when it signed 125,000 square feet at the Durst Organization’s 205 East 42nd Street. [NYP, 1st] — Claire Moses

 

  • easily one of the most exciting startups in Manhattan of late..exciting to see shared office space innovate in such a great way over the years

  • Dave

    true that. WeWork is fantastic. So many companies that will ultimately benefit the city and beyond are hatched there.

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