{"id":1004264951,"date":"2018-09-13T23:28:52","date_gmt":"2018-09-14T07:28:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004264951"},"modified":"2022-12-07T03:27:22","modified_gmt":"2022-12-07T11:27:22","slug":"spaces-signs-111-ksf-lease-at-chrysler-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spaces-signs-111-ksf-lease-at-chrysler-building\/","title":{"rendered":"Spaces Signs 111 KSF Lease at Chrysler Building"},"content":{"rendered":"

By Keith Loria<\/p>\n

\"Chrysler<\/a>

Chrysler Building<\/p><\/div>\n

Spaces has signed a lease with Tishman Speyer to occupy nearly 111,000 square feet of office at the Chrysler Building, the 1.2 million-square-foot, Class A historic property in New York City. JLL secured the lease on behalf of the tenant.<\/p>\n

Spaces will occupy the seventh through the ninth floors at 405 Lexington Ave., which is located between East 42nd and East 43rd streets. The company will enjoy a private entrance on the 42nd Street-side of the building. The new location will add to the company\u2019s growing presence in New York, with three workspaces currently open across the city, three more set to open by the end of 2018, and two more openings in place for 2019.<\/p>\n

\u201cThe building will enjoy an influx of mid-sized businesses that will be housed within Spaces,\u201d <\/em>Jim Wenk, <\/em>JLL\u2019s executive managing director, told Commercial Property Executive. \u201c It\u2019s co-working with an experience and welcoming center on the ground floor.\u201d<\/em><\/p>\n

Spaces also has locations scheduled to open in Midtown Manhattan, Hudson Yards, Staten Island, Brooklyn and Long Island City this year.<\/p>\n

\u201cIn today\u2019s market, we know that scale and flexibility are crucial for a company\u2019s growth,\u201d <\/em>Michael Berretta, vice president of network development for IWG plc, which owns Spaces, said in a prepared statement. \u201cNowhere in the country is this more evident than in New York City.\u201d<\/em><\/p>\n

Berretta recently spoke to CPE<\/em> about Spaces\u2019 expansion strategies in New York City<\/a> and some upcoming projects.<\/p>\n

The majestic tower<\/h2>\n

William van Alen designed the 77-story Chrysler Building, completed in 1930,  for a year the tallest building in the world\u2014until the Empire State Building was built. However, it has kept its title as the world\u2019s tallest brick building.<\/p>\n

According to Wenk, Spaces is looking forward to having the Chrysler building serve as its Midtown \u201cmothership.\u201d \u201cIt\u2019s one of New York City\u2019s most iconic properties and well located near Grand Central Station,\u201d <\/em>Wenk said. \u201cThe proximity to the Grand Central commuting hub was a big appeal, as well.\u201d<\/em><\/p>\n

Joining Wenk on the deal was Kirill Azovtsev, JLL\u2019s executive vice president. Tishman Speyer was represented in-house by Gregory Conen, managing director of leasing, and Robert Weller, senior director of leasing.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL facilitated the deal between the flexible workspace company and Tishman Speyer, the owners of the historic, Class A, 1.2 million-square-foot office tower.<\/p>\n","protected":false},"author":451,"featured_media":1004264966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1600,21742,10,21747],"tags":[42461,32796,40474,36056,33224],"class_list":["post-1004264951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-coworking","tag-jll","tag-michael-berretta","tag-spaces","tag-tishman-speyer"],"acf":[],"yoast_head":"\nSpaces Signs 111 KSF Lease at Chrysler Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/spaces-signs-111-ksf-lease-at-chrysler-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spaces Signs 111 KSF Lease at Chrysler Building\" \/>\n<meta property=\"og:description\" content=\"JLL facilitated the deal between the flexible workspace company and Tishman Speyer, the owners of the historic, Class A, 1.2 million-square-foot office tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spaces-signs-111-ksf-lease-at-chrysler-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-14T07:28:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T11:27:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Chrysler-Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spaces-signs-111-ksf-lease-at-chrysler-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/spaces-signs-111-ksf-lease-at-chrysler-building\/\",\"name\":\"Spaces Signs 111 KSF Lease at Chrysler Building - 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