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
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