WeWork Signs New Lease in Lower Manhattan

By Corina Stef

Trinity Centre II, New York City

WeWork has signed a lease to occupy the entire fourth through seven floors of Trinity Centre, a two-building office complex situated in Lower Manhattan. The company became the largest tenant of the property, taking up approximately 85,000 square feet of office space. Additionally, WeWork has several offices throughout the borough and plans to take up more co-working space in Brooklyn. CBRE brokered the transaction.

A Gothic gem

Located at 111 and 115 Broadway, the 22-story twin buildings comprise more than one million square feet of space. Built in 1907, both buildings were renovated in 2015, according to Yardi Matrix, and feature elegant Gothic architecture, marble-clad lobbies with bronze accents and vaulted plaster ceilings. Amenities include state-of-the-art infrastructure and technology and upgraded electrical, mechanical and telecommunications systems.

Trinity Centre is situated in Manhattan’s Financial District, in the vicinity of the World Trade Center, the Oculus retail complex, Zuccotti Park, banks, eateries and cafes. Two nearby subway lines, multiple bus lines, the Battery Park Ferry Terminal and a Citi Bike Station facilitate transportation and are all within within walking distance.

CBRE Executive Vice Presidents Adam Foster and Brad Gerla and Senior Vice Presidents Adam Leshowitz and Mike Rizzo acted on behalf of the owner, Capital Properties.

WeWork joined a roster of tenants that includes GyroHSR, Rock Shrimp Productions, Champalimaud Design and Paperless Post.

“We believe the property’s central location and flexible floor design—as well as the building’s unique character and charm—will be a great addition to the WeWork family,” Foster said in a prepared statement.

Image courtesy of Yardi Matrix