WeWork Falls Short Of Becoming Boston’s Largest Office Tenant
Two Boston landlords have put a damper on WeWork’s path to becoming the city’s largest office tenant. The landlords have reportedly pulled out of negotiations with the coworking firm as it struggles to redeem itself after failing to go public.
Faros Properties at 14 Beacon Street and Northwood Investors at 230 Congress Street both cut talks with the coworking provider on leases at their office buildings.
“As a matter of policy, we do not comment on potential or ongoing lease negotiations,” said a WeWork spokesperson. “WeWork remains committed to the Boston community and our valued members who rely on us for a great work experience.”
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WeWork had its eye on the Beacon Street location for its HQ by WeWork brand which targets companies that want the WeWork design without sharing the space.
The coworking firm currently operates just under 1.6 million square feet of Boston office space and is currently the second largest tenant in the city, just behind Fidelity’s 1.7 million square feet.
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