Headquarters by WeWork expands into LA; adds to NY locations

The co-working giant is growing its service aimed at mid-size companies in LA, NY, San Francisco, Seattle

Los Angeles /
Jun.June 07, 2019 01:00 PM
Adam Neumann, Arash Gohari, and one of their new offices in Santa Monica
Adam Neumann, Arash Gohari, and one of their new offices in Santa Monica

WeWork is expanding its “headquarters by WeWork” platform, signing lease deals for locations in Los Angeles, San Francisco, New York and Seattle. The three spaces in L.A. mark an entrance for its headquarters service, which caters to mid-size companies without WeWork branding, the company announced Friday.

The headquarters by WeWork spaces are typically smaller than traditional WeWork sites, aimed at companies with up to 250 employees. The leases bring the total square footage under WeWork’s headquarters brand to 1 million square feet. All of the new locations are expected to be open by this fall.

WeWork — a subsidiary of We Company — has been in rapid expansion mode in L.A., and now has 1.6 million square feet in the city.

At the L.A. sites, the co-working giant signed a deal with Venice Investments for 11,050 square feet at 8305 Sunset Boulevard on the Sunset Strip; and in Santa Monica, with Maxxam Enterprises for 14,430 square feet at 1453 3rd Street Promenade; and with Langdon Street Capital for 5,800 square feet at 1547 9th Street.

In New York, where it has multiple headquarters locations, WeWork secured a deal with JPMorgan for 38,000 square feet across six floors at 525 Broadway. In San Francisco, it snagged another 22,940 square feet at 28 2nd Street with Kensington Investment Group.

And in Seattle, it signed a lease with Hines for 14,500 square feet at 10885 Northeast 4th Street.

The expansion comes as We Company gears up for a highly anticipated initial public offering. Late last month, news circulated that the company was in discussion with banks to secure a $2.75 billion credit line.


Related Articles

arrow_forward_ios
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
NMS Properties' Neil Shekhter and renderings of 1325 6th Street, 1437 6th Street, 1430 Lincoln Blvd. and 1318 Lincoln Blvd. in Santa Monica (Kevin Scanlon, WSC)

City for sale: Shekhter looks to unload mega-portfolio in Santa Monica

City for sale: Shekhter looks to unload mega-portfolio in Santa Monica
Neil Shekhter of NMS Properties, who is involved in the lawsuit. (Kevin Scanlon)

Landlords sue Santa Monica over “arbitrary” ban on short-term rentals

Landlords sue Santa Monica over “arbitrary” ban on short-term rentals
HomeLister CEO and Co-Founder Lindsay McLean (LinkedIn)

HomeLister property-selling platform raises $4.5M in seed funding

HomeLister property-selling platform raises $4.5M in seed funding
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Macerich CEO Thomas O’Hern and Santa Monica Place mall

Here’s what tenants are paying at Macerich’s Santa Monica Place

Here’s what tenants are paying at Macerich’s Santa Monica Place
CEO of Amazon Web Services Andy Jassy

A top Amazon exec buys in Santa Monica

A top Amazon exec buys in Santa Monica
Aerial photo of the Pacific Design Center (Credit: felixmizioznikov/iStock)

Here’s what WeWork and other tenants pay at 1.4M sf Pacific Design Center

Here’s what WeWork and other tenants pay at 1.4M sf Pacific Design Center
arrow_forward_ios

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

Loading...