WeWork Takes 85K SF in FiDi
WeWork has inked a deal for a sizable new outpost at 115 Broadway in the Financial District.
The coworking giant leased 85,000 square feet on the fourth through seventh floors of the 21-story property between Thames and Cedar Streets, which is part of the two-building Trinity Centre complex, according to CBRE. Asking rent was $55 a square foot, CoStar Group’s database shows.
Capital Properties owns the million-square-foot office complex, which was built in 1907 and recently restored.
CBRE’s Adam Foster, Brad Gerla, Adam Leshowitz and Mike Rizzo represented the owner. Savitt Partners’ Michael Schoen represented WeWork. A spokesman for Savitt Partners didn’t immediately return a request for comment.
“We believe the property’s central location and flexible floor design—as well as the building’s unique character and charm—will be a great addition to the WeWork family,” Foster said in prepared remarks.
Trinity Centre also has a handful of other creative tenants, including GyroHSR, Rock Shrimp Productions, Champalimaud Design and Paperless Post.
WeWork already has 42 locations in New York City, and 115 Broadway will be its sixth one in the Financial District, according to the company’s website.