WeWork will renovate the UBS office in NJ

Company plans to add amenities like a juice bar and coffee stand

TRD New York /
Jul.July 30, 2018 06:06 PM

Weehawken UBS office rendering (Credit: WeWork)

WeWork has scored its biggest design deal yet.

The company’s Powered by We division will spearhead the renovation of the UBS office in Weehawken. WeWork launched the venture last year to offer expertise on real estate, design and office management to companies, according to Bloomberg. It will begin work on the UBS space in 2019, and the terms of the agreement have not been disclosed.

Powered by We currently has 30 customers and 11 spaces, and it generated $13.7 million in revenue last year, Bloomberg reported. The company is in preliminary talks with Sprint about redesigning the company’s Overland Park, Kansas headquarters.

UBS was interested in having WeWork take charge of the space to make it more welcoming to employees, but there have been some style clashes between the companies so far, according to UBS co-president of global wealth management Tom Naratil.

“They were actually pressing us much farther than we wanted to go,” he told Bloomberg. “They said, ‘If you want people to work in a silo, shove them into a silo on their way to work.’” [Bloomberg] – Eddie Small


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
Columbia Property Trust CEO Nelson Mills and 245-249 West 17th Street (Photos via Columbia Property Trust; StreetEasy)

Columbia Property Trust collects 98% of its rent in Q3

Columbia Property Trust collects 98% of its rent in Q3
The Factory building at 30-30 47th Avenue with Square Mile Capital’s Craig Solomon and Invesco CEO Marty Flanagan (Photos via The Factory; Square Mile; Invesco)

Here’s what tenants are paying at the Factory in Long Island City

Here’s what tenants are paying at the Factory in Long Island City
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE income falls nearly 10%
From left: Paramount CEO Albert Behler, 1301 6th Avenue, 712 5th Avenue, 31 West 52nd Street (Getty; Google Maps)

Paramount Group back at work, but tenants waiting until 2021

Paramount Group back at work, but tenants waiting until 2021
Tony Malkin (Getty, iStock)

Empire State Realty Trust reports second consecutive quarterly loss

Empire State Realty Trust reports second consecutive quarterly loss
arrow_forward_ios

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

Loading...