NEW YORK CITY—WeWork has leased the entire 180,000 square feet of office space at 1460 Broadway, the 16-story building in Times Square at the corner of West 41st street. The office tower is jointly owned by Himmel + Meringoff and the Swig Co.
Skadden Arps, the tenant who previously occupied 100% of the building's office space, vacated the premises on March 31st, and on that very same day, WeWork signed a 19-year lease for all but the second and third floors. Those two floors will be combined with the existing ground floor retail when it becomes available in December to create a 35,000-square-foot, multi-level flagship retail space. WeWork is scheduled to occupy 1460 Broadway later this year.
Derrick Ades and Barry Finkelman of CBRE acted on behalf of WeWork in the lease negotiations.
“This lease signing was executed with perfectly orchestrated synchronicity,” says co-principal Stephen Meringoff. “We are thrilled to be able to accommodate WeWork at its first Times Square location, one of its largest in New York City.”
Adds Ken Perry, CEO of the Swig Co., “We couldn't be happier to welcome such a creative, forward-thinking, game-changing tenant as WeWork to 1460 Broadway.”
Representing its second experience with Himmel + Meringoff, in December 2013 WeWork signed a 63,000-square-foot, 15-year lease for three floors at 401 Park Avenue So., its first location in Midtown South.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
