Flex Office Provider Quest Workspaces Stays Put at 48 Wall Street
By Rebecca Baird-Remba April 6, 2021 6:00 pm
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Flexible office provider Quest Workspaces is committing long term to its downtown location at 48 Wall Street, according to the building’s management company, Helmsley Spear.
The coworking operator inked a 10-year, 43,542-square-foot lease for the entire 10th, 11th and 12th floors of the 32-story Financial District building. Asking rent in the deal was $50 a square foot. Quest has rented space in the building since 2018 under a short-term license agreement, which has now been converted to a long-term lease.
Andrew Simon, James Emden and Randy Sherman of Helmsley Spear represented the landlord. Laura Kozelouzek, Quest’s founder and CEO, handled the deal in-house for the company.
“Especially in these challenging times as workspaces are being ‘re-worked,’ the ability to provide workspace solutions that are flexible, adaptable, and provide the best financial options — for clients, landlords, and owners — will determine success for all,” Kozelouzek said in a statement.
48 Wall LLC has owned the landmarked tower at 48 Wall Street, otherwise known as the Bank of New York & Trust Company Building, since 1998.
