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Regus Inks Long-Term Renewal in Midtown South
Williams Equities arranged a long-term, 36,600-square-foot extension at 136 Madison Ave. with Regus, which occupies two floors in the ownership group’s boutique Midtown South property.
Regus, owned by publicly traded IWG PLC, already occupies the entire fifth and sixth floors at 136 Madison through an existing lease. The new transaction between Regus and Williams Equities extends the term through 2031.
“Regus is a clear co-working industry leader and globally valued brand,” a Williams Equities spokesperson said. “As a publicly-traded company and profitable in 2019, Regus is unique in the sector. This new transaction represents our confidence they will emerge from their restructuring as a powerhouse and signals our hope that the relationship between our portfolio and Regus will continue long into the future.”
The brokerage team of Michael T. Cohen, president, and Andrew Roos, cice chairman, both with Colliers International Tri-State, represented both Williams Equities and Regus.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
