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Flex office provider Spaces leases 110,000 s/f in Chrysler Building

Spaces, the Amsterdam-based flexible office provider, has signed another major lease in Midtown, just a week after securing a recent Park Avenue lease.

Spaces, represented by JLL, announced today that it signed a lease for 110,000 s/f for the seventh to ninth floors of the Chrysler Building at 405 Lexington Avenue. JLL’s executive managing director Jim Wenk and executive vice president Kirill Azovtsev represented Spaces while Tishman Speyer, the building’s owner, was represented in-house by their managing director of leasing Gregory Conen and senior director of leasing Robert Weller.

The 15-year lease inside the 77-story historic building will be Spaces’ fourth location in the city. They are planning to open three more by the end of this year and have two more locations slated for 2019.

“The Spaces team is thrilled to partner with Tishman Speyer at the world-renowned Chrysler building and add to the amenities available at the building,” Wenk said. “The firm is keen on making the Chrysler building its Midtown ‘mothership.’”

The Chrysler Building lease came just days after the company leased 100,000 s/f in 287 Park Avenue South for 15 years. While Spaces is pushing forward their New York City expansion, the company offers its flexible workspaces throughout the world, including the U.K., South Africa, and Hong Kong.

The Chrysler Building was constructed in 1930 and was known as the tallest building in the world until the Empire State Building was built next year. Tishman Speyer bought the office tower in 1998 for an undisclosed amount.

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