WeWork Signs Lease Deal at 79 Madison Avenue



79 Madison Avenue. (Credit: CoStar Group)
79 Madison Avenue

Shared office space provider WeWork is taking 108,000 square feet at Colliers International’s 79 Madison Avenue between 28th and 29th Streets, The Real Deal reported.

SEE ALSO: Despite a $17B Valuation and Expanding Business Model, How Long Can WeWork Work?

The 15-year-lease, spanning floors two through seven, brings WeWork’s square footage in the city to around 800,000.

“We’re excited to announce WeWork NoMad, a new home for entrepreneurs at 79 Madison Avenue,” Ben Kessler, director of marketing for WeWork. told Commercial Observer in a prepared statement. “With this new location WeWork members will have access to a growing community of entrepreneurs and a network of vibrant, collaborative workspaces nationwide.”

Colliers was represented in-house by Robert Getreu and Michael Berger. WeWork was represented in-house by Mark Lapidus. Mr. Berger told The Real Deal WeWork will have a private entrance. Messrs. Robert and Berger didn’t immediately respond to Commercial Observer‘s requests for comment.

WeWork’s locations include 175 Varick Street25 Broadway and headquarters at 222 Broadway.