WeWork to take space in the West Village amid its mid-size tenant push

The co-working firm is taking two floors at 609 Greenwich Street

TRD New York /
Aug.August 10, 2018 01:30 PM

Adam Neumann and 609 Greenwich Street (Credit: Google Maps)

WeWork is expanding its portfolio of locations aimed at mid-size tenants, closing a 25,000-square-foot lease at Centaur Properties609 Greenwich Street in the West Village.

The company, which has been signing smaller leases as it targets companies that want a distinct space , signed a deal for the fourth and fifth floors of the 16-story building, a source told The Real Deal.

The transaction builds on the expansion of WeWork’s mid-sized portfolio in Manhattan. The company formalized its targeting of the segment by launching a program called “HQ by WeWork.” On Thursday, the company announced 440,000 square feet in lease deals under the new initiative, with its first locations at 490 Broadway, 149 Fifth Avenue, 115 East 23rd Street, 38 West 21st Street, 8 West 40th Street and 13-15 West 27th Street.

WeWork’s new West Village outpost will be located inside a landmarked property that sits at the corner of Leroy Street. The nine-story building was previously used as a warehouse before being converted into what was once the city’s largest jewelry factory.

Centaur Properties, headed by Harlan Berger, bought the building for $23 million in 2004, property records show. At the time of the purchase, it was nearly vacant. The firm renovated the 150,000-square-foot building soon after, expanding the lobby and adding office amenities. The property has recently become a hub for film and television production companies, with its tenant roster including media firms Postworks and ITV Studios.

WeWork declined to comment. Centaur did not immediately respond to requests for comment.


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...