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Fuse Group Investment is planning to sue WeWork over claims that the coworking company vacated its offices in downtown Miami that violated the terms of its lease.
The 17-story Security Building was acquired by Fuse Group after its previous owner, Security Building AR Owner LLC, foreclosed. Fuse Group resolved the lawsuit against the previous owner by accepting the deed to the property.
The building served as WeWork’s flagship Miami location, having renovated the building with 96,000 square feet of office space and fully leased it out as well.
However, the Fuse Group has now accused the WeWork affiliate that rented out the property for violating its lease, as well as sue WeWork’s parent company for breach of its obligations on the lease.
“They haven’t paid their rent and they are not there,” said Michael Ehrenstein, the attorney who represented Fuse in the initial acquisition. “They removed all of their furniture, so we want an order from the court that we can have possession.”
