Kennedy Wilson and Japanese real estate firm Takenaka Corp. have filed a lawsuit claiming WeWork owes them hundreds of millions of dollars in "unpaid and future" rent after bailing on its lease at 430 California Street.
According to a complaint filed Monday in San Francisco Superior Court, WeWork informed the building owners that it had surrendered and vacated the 250K SF it was occupying in the building, the San Francisco Business Times reported.
Kennedy Wilson and Takenaka are suing WeWork for alleged breach of lease, accusing the coworking company of failing to pay base rent and other related expenses for the months of July and August of this year. The building owners also allege in the lawsuit that WeWork owns them more than $250M in unpaid rent, future rent and other fees.
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