SL Green Realty Corp. has signed WeWork to a 138,563-square-foot lease at 609 Fifth Ave. The lease encompasses the entire office portion of the 170,000-square-foot property in the heart of Fifth Avenue’s Gold Coast shopping district, across from Saks Fifth Avenue.
The deal follows Puma’s flagship store lease for the retail component of the redeveloped 609 Fifth. It also follows a previous full-building lease that WeWork signed with SL Green in 2015. WeWork will have a dedicated lobby entrance on 49th Street.
“Our redevelopment design, which includes relocation of the existing Fifth Avenue lobby together with the entire elevator core to the 49th Street side of the building, added high value retail space while also creating an enhanced office environment,” said Steven Durels, SL Green’s director of leasing and real property.
JLL’s Peter Riguardi, Howard Hersch and Joseph Messina represented WeWork in the 609 Fifth transaction.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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