WeWork Takes 260K SF at TH Real Estate’s 21 Penn Plaza

TH Real Estate, an affiliate of Nuveen, the investment management arm of TIAA, leased 258,344 square feet at 368 Ninth Ave. in New York to WeWork. The coworking operator will occupy space across 10 floors at 21 Penn Plaza, a 16-story, 380,000-square-foot office building at Ninth Avenue and West 31st Street.

TH Real Estate’s Nadir Settles says, “TH Real Estate purchased this property with the intention of redeveloping an underutilized asset into a Class A asset with amenities. WeWork’s creative concept attracts high level tenants, and we look forward to extending our relationship with them through this lease.”

The Midtown West asset sits within close proximity to Penn Station, Hudson Yards, and Chelsea neighborhoods, allowing easy access to transportation hubs and West Side housing and retail areas.

JLL brokered the deal.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With TH Real Estate's SettlesConnect With JLL

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

Order Reprints

◦Lease

Sub Markets

National

Property Sectors

Topics

National CRE News In Your Inbox.

WeWork Takes 260K SF at TH Real Estate’s 21 Penn Plaza

Inside The Story

About Dennis Kaiser

STAY INFORMED

Sub Markets

National

Property Sectors

Topics

National CRE News In Your Inbox.

WeWork Takes 260K SF at TH Real Estate’s 21 Penn Plaza

Inside The Story

About Dennis Kaiser