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WeWork Signs Full-Building Deal with CXP
WeWork has leased up the entire 115,000-square-foot office portion of Columbia Property Trust’s (CXP) 149 Madison Ave. The REIT will collaborate with WeWork to transform the 12-story 149 Madison into a boutique office address with modernized amenities and infrastructure.
The redeveloped building is expected to open in 2019, and will include 6,600 square feet of prime retail space on the ground floor, with prominent corner frontage on Madison Avenue and 32nd Street. Columbia is already in discussions with several retailers for the space.
“With 149 Madison, we saw a unique opportunity to create a custom-designed, boutique building that would provide a differentiated experience for tenants,” said CXP CEO Nelson Mills. “WeWork shares our vision for this special building’s potential, and we look forward to working with them to position 149 Madison as an ideal home for tenants seeking high-end creative space in Midtown South.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
