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WeWork to Decide on its Largest Boston Office Lease
WeWork Inc. is still determining the future of its largest Boston location at One Lincoln St., even after its restructuring was approved by a New Jersey bankruptcy court, Boston Business Journal reported. WeWork has until June 30 to either assume the lease with a likely smaller footprint or exit the agreement, leading to the location’s closure. WeWork originally signed a 15-year lease for 241,000 square feet in 2018, later giving up the top two floors.
One Lincoln, owned by Fortis Property Group and managed by Synergy, will have more vacant space regardless of WeWork’s decision. The 36-story tower has significant vacancies following State Street Corp.’s exit last year. HarbourVest Partners will occupy some of State Street’s former space in 2025. Synergy is making major improvements, including adding pickleball courts and a cocktail lounge.
WeWork has retained five other Boston locations but closed others, such as 200 Berkeley St., 711 Atlantic Ave., 100 Summer St., and 40 Water St.
- ◦Lease
