New York, NY – March 19, 2024 – WeWork, a leading global flexible space provider, announced eight new lease assumptions today resulting from its strategic restructuring and negotiations with landlords across the United States and Canada.
The assumptions, which are subject to court approval, are for WeWork’s leases at 135 Madison Avenue in New York City, 18 W 18th Street in New York City, 400 Capitol Mall in Sacramento, Constellation Place in Los Angeles, Riverpark Tower in San Jose, 1600 7th Avenue in Seattle, 1155 Perimeter Center West in Atlanta and L’Avenue in Montreal. These agreements signal continued momentum in the Company’s financial reorganization and progress toward a real estate portfolio built for long-term, sustainable success.
Learn more about today’s lease assumptions.
STATEMENTS REGARDING LEASE ASSUMPTIONS
135 Madison Avenue
“WeWork’s collaborative workspaces at 154 W 14th Street and 135 Madison Avenue equip individuals, entrepreneurs, and growing companies to achieve new levels of productivity in sought-after locations of the city. We are glad to continue our partnership with WeWork and look forward to working together in this exciting new chapter,” said Koeppel Rosen.
“154 W 14th Street and 135 Madison Avenue have consistently been in-demand locations for workers seeking coworking space and community in Manhattan, making them valuable buildings in our New York City portfolio,” said WeWork. “With these new agreements, we’re excited to continue our partnership with ownership through Koeppel Rosen and our commitment to providing best in-class workspaces to members in these vibrant neighborhoods.”
About WeWork
WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become a leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.
