WeWork is taking 200K sf at RXR Realty’s
620 Sixth Avenue

Co-working giant is taking over the former offices of Spotify and Mediaocean

New York /
May.May 29, 2019 09:53 AM
From left: WeWork CEO Adam Neumann, 630 Sixth Avenue, and RXR Realty CEO Scott Rechler

From left: WeWork CEO Adam Neumann, 620 Sixth Avenue, and RXR Realty CEO Scott Rechler (Credit: Google Maps)

RXR Realty is doubling down on WeWork after signing another lease with the co-working giant at 620 Sixth Avenue.

WeWork, the office arm of the We Company, will take 212,400 square feet across three floors at the building and replace the offices of Spotify and Mediaocean. The New York Post reported that WeWork was leasing space at the building.

Led by Scott Rechler, the landlord recently signed WeWork to manage office leasing for 90,000 square feet at 75 Rockefeller Plaza, where the two parties have entered a revenue-sharing agreement. RXR established a unique model for residential and commercial mixed-use purpose buildings at 75 Rock where short-term rental site Airbnb and meeting space firm Convene have also leased space.

WeWork, meanwhile, has signed a multitude of leases in the city this year as it gears up for an initial public offering. Earlier this month, its parent company, the We Company, released a financial report that revealed that its losses and revenues doubled during the first quarter, when compared year over year. [NYP] — David Jeans


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
2544 Valentine Avenue in the Bronx (Photo via Black Bear Capital Partners)

Bronx rent-stabilized multifamily portfolio nabs $186M loan

Bronx rent-stabilized multifamily portfolio nabs $186M loan
CBRE CEO Robert Sulentic (iStock)

CBRE lowers SPAC IPO valuation target to $350M

CBRE lowers SPAC IPO valuation target to $350M
Union Crossing at 825 East 141st Street with LibreMax's Greg Lippmann (Union Crossing Bronx; LibreMax)

$78.6M sub-performing loan on Union Crossing up for sale

$78.6M sub-performing loan on Union Crossing up for sale
The mall was already beset by 18 years of starts and stops (Getty)

Can the American Dream mall survive the pandemic?

Can the American Dream mall survive the pandemic?
Spending outpaced foot traffic because shoppers purchased at the stores they did visit (Getty)

Retail foot traffic tanks on Black Friday

Retail foot traffic tanks on Black Friday
arrow_forward_ios

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

Loading...