Himmel + Meringoff and The Swig Company, joint owners of 1460 Broadway, announced that WeWork has leased the entire 180,000 s/f of office space at the 16-story building in Times Square.
WeWork is a provider of shared workspace, community, and services for entrepreneurs, freelancers, startups and small businesses.
Skadden Arps, the tenant who previously occupied 100 percent of the building’s office space, vacated the premises on March 31, 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, featuring a new glass façade designed by MdeAS Architects. WeWork is scheduled to occupy 1460 Broadway later this year.
“This lease signing was executed with perfectly orchestrated synchronicity,” said 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.”
Ken Perry, CEO of The Swig Company, commented, “We couldn’t be happier to welcome such a creative, forward-thinking, game-changing tenant as WeWork to 1460 Broadway.”
“For months since acquiring the building late last September, our management and leasing team led by Farrell Virga and Jason Vacker worked intensely and literally round the clock marketing the property to attract either multiple tenants or a single user — efforts which ultimately resulted in this successful coup with WeWork,” said Leslie Himmel.
Derrick Ades and Barry Finkelman of CBRE acted on behalf of WeWork in the lease negotiations.
Representing its second experience with Himmel + Meringoff, in December 2013 WeWork signed a 63,000 s/f 15-year lease for three floors at 401 Park Avenue South, its first location in Midtown South.