Convene employees will soon convene in the Financial District instead of in Midtown.
The meeting-space startup has signed a lease for 58,000 square feet at 101 Greenwich Street, its largest space in the country, according to the Commercial Observer. The Financial District location will serve as its new headquarters, and the company will occupy all of the second through fourth floors and 2,500 square feet of the ground floor.
Convene’s headquarters is currently 6,000 square feet at 366 Madison Avenue, but it plans to move its 75 corporate employees to 4,000 square feet on 101 Greenwich Street’s fourth floor in March.
Cove Property Group purchased the 26-story building from Kushner Companies and CIM Group for $225 million in March 2016, and the company is now partnering with Convene and investment manager Bentall Kennedy to make roughly $70 million worth of renovations to the building.
This will be Convene’s 11th location in New York City. The company also has a spot at 1 World Trade Center, as well as spaces in Philadelphia, Washington, D.C. and Boston. [CO] – Eddie Small
(To view more office leasing transactions in the Financial District, click here)