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

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.