seven, 10 and 11.
The property, at 1619 Broadway, is a landmarked 11-story, 175,000-square foot property at the corner of West 49th Street. Brookfield Asset Management s real estate debt fund gained ownership of the building after winning a foreclosure auction in March of last year.
Before the property changed hands, WeWork had a pending 50,000-square-foot lease deal with the previous owners Allied Partners and Brickman.
The deal continues the co-working company’s torrid pace of deals in Manhattan. On Wednesday, the firm announced a 285,000-square-foot lease at TH Real Estate’s 21 Penn Plaza. The transaction appears to be the largest co-working lease signed in the borough so far this year. The company also closed a nearly 70,000-square-foot lease at Jack Resnick Sons’ 880 Third Avenue earlier this week.
Brookfield did not immediately respond to requests for comment.
Tags: brill building, Brookfield Properties, Commercial Real Estate, landmark, wework
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