{"id":1004356454,"date":"2019-09-30T04:37:01","date_gmt":"2019-09-30T12:37:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004356454"},"modified":"2021-05-10T02:06:34","modified_gmt":"2021-05-10T10:06:34","slug":"wework-signs-362-ksf-manhattan-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wework-signs-362-ksf-manhattan-lease\/","title":{"rendered":"WeWork Signs 362 KSF Manhattan Lease"},"content":{"rendered":"<div id=\"attachment_1004356466\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004356466\" data-attachment-id=\"1004356466\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wework-signs-362-ksf-manhattan-lease\/attachment\/9462\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg\" data-orig-size=\"1196,896\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"9462\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg?w=1024\" class=\"wp-image-1004356466 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg 1196w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/9462-e1569844324797.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004356466\" class=\"wp-caption-text\">437 Madison Avenue<\/p><\/div>\n<p>WeWork has signed a 362,197-square-foot lease with William Kaufman Org. and Travelers Cos. at the 850,000 square-foot 437 Madison Avenue in Manhattan\u2019s Plaza District. The deal closed 15 months before the current tenant is set to vacate the space.&nbsp;&nbsp;<\/p>\n<p>The coworking company will occupy the second to 12th floors, along with a portion of the 14th story in the high-rise, with the space becoming available at the start of 2021. WeWork will have a dedicated entrance on 50th Street and an outdoor terrace at the 15th floor with access via a private staircase. The lease comes days after <a href=\"https:\/\/www.commercialsearch.com\/news\/wework-ceo-adam-neumann-steps-down\/\">Adam Neumann stepped down as CEO<\/a>.<\/p>\n<p>The 40-story building was 98 percent occupied at the time of the deal. The property&#8217;s roster includes Munich American Reassurance Co., Citizens Bank, Carnegie Corp. of New York, Wiggin and Dana LLP, Kekst CNC and Medallion Funding Corp. The owner invested $60 million to reposition the asset in 2015, commissioning architectural firm Fogarty Finger and landscape architect MPFP. Improvements included redesigned lobby and arcade areas, a new plaza, upgraded elevators and building systems and the addition of an outdoor terrace.<\/p>\n<p>Vice President Michael Lenchner from WKO&#8217;s Sage Realty Corp., together with JLL&#8217;s Frank Doyle, David Kleiner, Cynthia Wasserberger, Hayley Shoener and Harlan Webster, worked on behalf of the landlord. Peter Riguardi and Howard Hersch of JLL represented the tenant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The coworking giant will occupy the second to the 12th stories, along with part of the 14th floor, at the 850,000-square-foot 437 Madison Avenue.<\/p>\n","protected":false},"author":748,"featured_media":1004356466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[42461,32796,37049,36298,33678,35920],"class_list":["post-1004356454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-coworking","tag-jll","tag-sage-realty-corporation","tag-travelers-companies-inc","tag-wework","tag-william-kaufman-organization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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