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WeWork signs 95K sf Hudson Square lease
Co-working company setting up shop at 205 Hudson Street
WeWork continued its leasing spree, adding a new location in Manhattan’s Hudson Square neighborhood.
The co-working company signed a 94,740-square-foot lease at Trinity Church Wall Street, Norges Bank Investment Management and Hines’ 205 Hudson Street.
The 12-story, 401,ooo-square-foot building is part of Trinity’s Hudson Square portfolio. In 2015, Norges, which invests on behalf of Norway’s Sovereign Wealth Fund, bought a 44-percent stake in the building.
NGKF represented the landlord and Savitt Partners the tenant, the Commercial Observer reported.
WeWork currently has 38 active locations in Manhattan. It recently signed a 64,000-square-foot lease at 130 West 42nd Street.
The company, valued at $17 billion, is reportedly landing a major investment from Japanese investment firm Softbank.
The Real Deal recently reported that the co-working firm revamped its company structure — giving it a more corporate shape — and hired executives from Brooklyn Bowl and Starwood Property to help run two divisions. [CO] — Konrad Putzier