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.
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