NEW YORK CITY—WeWork, the global workspace company, has signed a 15-year lease, adding 43,000 square feet on three floors at 575 Fifth Ave. That brings WeWork's occupancy to a total of 101,000 square feet, leasing seven floors in the building.
In addition, Numis Securities, a UK-based investment banking and stock brokerage company, will relocate its New York office to 7,000 square feet on the 25th floor of the building. Beacon Capital Partners and MetLife co-own the building, acquiring it in 2015.
Amidst the flurry of businesses moving West to Hudson Yards, Chris Gulden, SVP of Beacon Capital Partners, emphasizes Midtown Manhattan remains a “very attractive location for businesses,” noting the transactions announced on Wednesday underscore the corporate “appetite for well-located, distinctive workplaces.”
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
