The Real Deal New York

WeWork inks 180K sf lease at 1460 Broadway

Coworking space provider makes first foray into Times Square area
April 07, 2015 09:00AM

Shared office-space provider WeWork has signed a 19-year lease to take up 180,000 square feet at Himmel + Meringoff and the Swig Company’s 1460 Broadway.

WeWork will take up all of the building’s office space, according to the New York Post. It’s the company‘s first foray into the Times Square area. In total, WeWork has 15 locations on Manhattan, according to the newspaper. In February, WeWork inked a lease for 240,000 square foot at 85 Broad Street.

Rents in the building range from the high $50s to the mid-$60s.

White-shoe law firm Skadden Arps, who previously used the location for back-office services, moved out on March 31, the Post reported. WeWork signed its lease that same day.

The building’s second and third floors remain vacant, but will be combined with the ground-floor retail units when those become available in December, according to the newspaper, to create a sprawling, multi-level, 35,000-square-foot flagship store. [NYP, 1st]Claire Moses