Lease Deals of The Week: Industrious Takes Over WeWork HQ
The top five sales across the country from June 10 to June 14
By The Editors June 17, 2024 11:15 am
reprints
This week, we saw Tower 49 trade one coworking company for another. Industrious signed a partnership agreement to run a 240,000-square-foot flexible office space location in the building at 12 East 49th Street, which previously served as WeWork’s headquarters. Meanwhile, 30 Hudson Yards saw another massive deal with Covington & Burling subleasing 235,479 square feet from Warner Bros. Discovery.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| Industrious | 240,000 | 12 East 49th Street | New | Kato International | Landlord: Kato's Robert Bakst. Tenant: N/A | Office |
| Covington & Burling | 235,479 | 30 Hudson Yards | Relocation | Warner Bros. Discovery (sublandlord). Related Companies and Allianz | Sublandlord: CBRE's Robert Alexander, Anthony Manginelli, Taylor Callaghan and Ryan Alexander. Landlord: N/A. Tenant: Savills' Matthew Barlow, Steve Barker and Jeffrey Peck | Office |
| Ziff Davis | 23,038 | 360 Park Avenue South | Relocation | BXP | Landlord: CBRE's Peter Turchin, Gregg Rothkin, Ross Zimbalist, Arkady Smolyansky, Hayden Pascal and Trevor Larkin. Tenant: CBRE's Sascha Zarba and Jeff Fischer | Office |
| Accor | 23,000 | 711 Fifth Avenue | New | SHVO | N/A | Office |
| Skanska | 20,000 | 21-01 51st Avenue | New | Kaufman Organization and True North | Landlord: Kaufman's Grant Greenspan. Tenant: BIOC Commercial Real Estate's Jonathan Stravitz | Office |
Lease Deals of the Week reflect deals closed or announced from June 10 to June 14. Information on sales can be sent to editorial@commercialobserver.com.
12 East 49th Street, 21-01 51st Avenue, 30 Hudson Yards, 360 Park Avenue South, 711 Fifth Avenue, Allianz, Kato International, Kaufman Organization, Related Companies, SHVO, True North, Warner Bros. Discovery
