WeWork inks 240K sf lease at 85 Broad Street

Office space provider to take up six floors at the property

New York /
Feb.February 25, 2015 10:20 AM

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

 

Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
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
WeWork’s side businesses are fizzling
Sarah Pontius (Credit: Union College)
Another head rolls at WeWork
Another head rolls at WeWork
Eliot Brown and Maureen Farrell with Adam Neumann (iStock, Illustration by Kevin Rebong for The Real Deal)
“Too much money and no guardrails:” WeWork book authors dish on collapse
“Too much money and no guardrails:” WeWork book authors dish on collapse
Adam Neumann, Masa Son and Jamie Dimon: What happens to the system when the adults in the room wet the bed? (Photo illustration by Kevin Rebong)
“The Cult of We” review: Inside Adam Neumann’s spectacular rise and fall
“The Cult of We” review: Inside Adam Neumann’s spectacular rise and fall
WeWork CEO Sandeep Mathrani (WeWork, iStock)
WeWork reports membership growth, best sales since 2019
WeWork reports membership growth, best sales since 2019
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Photo illustration of Adam Neumann (Getty, iStock/Illustration by Kevin Rebong for The Real Deal)
Adam Neumann’s WeWork golden parachute even bigger than previously reported
Adam Neumann’s WeWork golden parachute even bigger than previously reported
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...