Rudin close to 300K sf deal with WeWork at 110 Wall Street

Nov.November 05, 2013 09:49 AM

Office space provider WeWork is now in advanced discussions to take all 300,000 square feet of Rudin Management’s 110 Wall Street, which would represent a major coup for the Hurricane Sandy-ravaged building in Lower Manhattan.

Last year, after flood waters devastated the property at the corner of Front Street, Rudin Management CEO William Rudin was forced to cancel all of the leases in the building, the New York Post reported. But last month Crain’s reported that WeWork was considering a move to the massive space.

Representatives for Rudin Management declined to comment to the Post, while representatives for WeWork could not immediately be reached by the paper. It remains unclear whether the deal with WeWork would be structured as a regular lease or as a partnership, according to the Post.

WeWork recently signed an 86,000-square-foot lease at ACTA Realty’s Cunard Lines Building at 25 Broadway, as The Real Deal reported. [NYP]  – Hiten Samtani

Related Articles

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

Adam Neumann and some of the properties, Museum Place and 225 West Julian in San Jose 

Adam Neumann no longer has a vision for San Jose

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

Softbank CEO Masayoshi Son (Credit: Getty Images)

After WeWork debacle, SoftBank suspends plan for second Vision Fund

WeWork's Marcelo Claure with activist investor Paul Singer (left) and Softbank CEO Masayoshi Son (right) (Credit: Getty Images)

WeWork’s Marcelo Claure promises profitability, talks SoftBank shakeup

From left: Lewis Frankfort of Flywheel Sports, Rhône’s Steve Langman, and SoftBank's Ronald Fisher, Mark Schwartz and SoftBank executive Kirthiga Reddy (Credit: Stanford University; SoftBank; Getty Images; iStock)

Exclusive: 3 WeWork board members depart, another to follow