Dutch co-working firm inks large lease at Manhattan West

IWG-subsidiary to take seven floors at Brookfield's 424-434 West 33rd Street

New York /
Dec.December 05, 2017 09:42 AM

424 West 33rd Street

Co-working company Spaces signed a 103,000-square-foot lease at Brookfield Property Partners’ 424-434 West 33rd Street.

The Amsterdam-based company, a subsidiary of office suites giant IWG (formerly known as Regus), will take floors seven through 13 in the former printing loft building, the Commercial Observer reported.

The 10-year lease came with an asking rent in the $70s per square foot.

The 13-story building sits at the edge of Brookfield and Qatar Investment Authority’s Manhattan West megadevelopment. The developers originally planned to knock it down to build something larger, but ultimately changed tack.

JLL represented the tenant and Cushman & Wakefield represented the landlord.

Brookfield has been battling with the Related Companies and its nearby development Hudson Yards for high-paying tenants. Brookfield has attracted the likes of Amazon, EY, the National Hockey League, Whole Foods and JPMorgan Chase while big-name financial firms like KKR, Blackrock and Point 72 Asset Management and Third Point have inked leases with Related and its partners. [CO]Konrad Putzier


Related Articles

arrow_forward_ios
SL Green’s director of leasing Steve Durels and One Vanderbilt. (SL Green, One Vanderbilt)
SL Green to offer flex offices at One Vanderbilt
SL Green to offer flex offices at One Vanderbilt
Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)
Silverstein Properties hires Katie Kurtz as new CFO
Silverstein Properties hires Katie Kurtz as new CFO
U.S. District Court Judge Dabney Friedrich (Senate/Chris Coons, iStock)
Judge strikes down federal eviction ban
Judge strikes down federal eviction ban
Sen. Brian Kavanagh and RSA President Joe Strasburg (Getty, Strasburg via Jeffersons Siegel)
Rent relief hinges on dwindling goodwill
Rent relief hinges on dwindling goodwill
Colliers International CEO Jay Hennick (Colliers, iStock)
Colliers’ acquisitions help boost company’s Q1 revenue
Colliers’ acquisitions help boost company’s Q1 revenue
Innovo Property Group CEO Andrew Chung and 1110 Oak Point Avenue 1110 Oak Point Avenue. (New York Expo Center, Innovo)
Innovo Property Group aims to raise $140M for Bronx industrial site
Innovo Property Group aims to raise $140M for Bronx industrial site
Sen. Brian Kavanagh (Getty, iStock)
New York votes to extend eviction ban through August
New York votes to extend eviction ban through August
A rendering of The Pinnacle (Kislak)
Luxury rental complex in Fort Lee sells for $55M
Luxury rental complex in Fort Lee sells for $55M
arrow_forward_ios

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

Loading...