85 Broad Street’s First Major Lessee Signs On
Sara Pepitone Feb. 25, 2015, 2:33 p.m.
WeWork, a company that offers monthly access to office space and services to small businesses and anyone comfortable with shared working quarters, signed a lease for 240,000 square feet at 85 Broad Street between South William and Pearl Streets, the former headquarters of Goldman Sachs. It’s the first significant lease in the 30-story building owned by MetLife and Beacon Capital Partners, and the first sizable deal of 2015 in the Financial District, the New York Post reported.
Private offices (as opposed to a desk in a shared space) are already being advertised on WeWork’s website, starting at $750 per month.
The shared office space will be on one of six floors—16 to 18, or 28 to 30—according to The Post.
Peter Riguardi, Frank Doyle and Cynthia Wasserberger of JLL, which manages the 1.11-million-square-foot building, represented the ownership. Neither JLL nor WeWork responded to a request for comment. Asking rents range from the $50s to the mid-$60s, according to the Post.
In December, Commercial Observer reported that WeWork had committed to a 15-year lease for 125,000 square feet at 205 East 42nd Street. In addition to locations throughout New York City, WeWork has office space available in cities including Los Angeles, Washington, D.C., Austin, Miami, Boston, Seattle and Amsterdam.