The Real Deal New York

WeWork inks deal for new FiDi location

Co-working giant takes four floors at 115 Broadway
August 15, 2017 11:50AM

115 Broadway and Adam Neumann (Credit: Getty Images)

UPDATED, Aug. 15, 1:45 p.m.: WeWork may now be busy expanding in China and suing rivals in London, but it still finds time for the less exciting work of signing leases in Manhattan.

The co-working company inked a deal to take four full floors spanning 85,000 square feet at Capital Properties’ 115 Broadway, which is part of Trinity Center in the Financial District.

CBRE’s Adam Foster, Brad Gerla, Adam Leshowitz and Mike Rizzo represented the landlord. Savitt Partners’ Michael Schoen represented WeWork.

Other tenants in the two-building complex, completed in 1907, include GyroHSR, Rock Shrimp Productions, Champalimaud Design and Paperless Post.

WeWork currently has 42 locations in New York open or set to open soon, according to its website. Valued at $20 billion in a recent funding round, the firm is worth more than major real estate investment trusts like Boston Properties and Vornado Realty Trust.

It recently sued Chinese co-working rival UrWork, alleging in a U.K. court that it infringed on its trademark. — Konrad Putzier