WeWork signs 58K sf lease at 575 Fifth Ave

Beacon Capital bought a stake in the tower in 2015

New York /
May.May 03, 2017 02:30 PM

WeWork signed a lease for four full floors totaling 58,000 square feet at Beacon Capital Partners and MetLife’s 575 Fifth Avenue in Midtown.

Beacon bought a 50 percent stake in the 40-story tower in 2015, with MetLife owning the remainder. Other tenants in the building include Westpac Banking Corporation, Northwood Investors and cosmetics firm L’Oreal. Barney’s renewed its 71,000-square-foot office lease at the tower last year.

WeWork, which recently raised $300 million from Japanese investor SoftBank, has been aggressively adding spaces in New York.  In March the company signed a 95,000-square-foot lease at 205 Hudson Street.  [REW]Konrad Putzier


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
Freshly CEO Michael Wystrach and 28 East 28th Street (Photos via Twitter; Google Maps)
Freshly inks big lease in NoMad
Freshly inks big lease in NoMad
From left: Isaac Zion with JMC Holdings' Matthew Cassin (left) and David Taylor (right) (Photos via SL Green; JMC)
Former SL Green exec Isaac Zion joins Acram Group
Former SL Green exec Isaac Zion joins Acram Group
(Photo illustration by The Real Deal)
Inside mall owner Namdar’s rapid growth story
Inside mall owner Namdar’s rapid growth story
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
arrow_forward_ios

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

Loading...