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New York & Tri-State  + Downtown New York  + Office  | 

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.”


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About Paul Bubny

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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