Leases  ·  Office

Flex Office Provider Quest Workspaces Stays Put at 48 Wall Street


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. 

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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.