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WeWork Recommits to Three Floors at Downtown Boston Tower
WeWork said Monday it would continue to operate three floors at One Lincoln St., a 36-story office tower in downtown Boston. The flexible space provider had previously leased nine floors at the tower. Lease terms were not disclosed.
“WeWork is proud to be the flex operator of choice for trophy properties like One Lincoln, and we look forward to continuing to provide flexible workspaces that help propel Boston’s businesses to new heights,” said Kate Harper, VP of real estate at WeWork. “We are thankful for the collaboration and partnership of the building’s ownership and for the resulting agreement that positions us all for sustainable and strong operations well into the future.”
The Boston Business Journal reported that the One Lincoln lease was the last local occupancy to be resolved following WeWork’s emergence from bankruptcy. The space will be operated under a revenue-sharing agreement that bases rent payments on how much WeWork brings in from tenants at a particular location, rather than a fixed monthly cost.
- ◦Lease
