NEW YORK--(BUSINESS WIRE)--Cowork|rs, the coworking startup known for its “At Home At Work” vibe, has signed a new lease at 60 Broad Street for 40,000 square feet, in New York’s Financial District. This marks the company’s fourth signed lease, adding to Cowork|rs first 20,000 square foot location, which opened doors in Flatiron in November 2013.
The new location at 60 Broad Street, owned by real estate company Piedmont Office Realty Trust, is the company’s latest location. Cowork|rs 47,000 square foot Gowanus location is currently slated for an August 2015 opening; another 30,000 square foot Cowork|rs Fidi location at 55 Broadway is slated to be unveiled in fall 2015.
Cowork|rs will occupy the 24th and 25th floors of 60 Broad Street, with an interconnected stairway allowing Cowork|rs members to have easy access between the two floors and Cowork|rs amenities. Both floors have striking views of the Hudson River and East River, Freedom Tower, Statue of Liberty, and downtown Manhattan. Members who sign up for the new 60 Broad Street location will have access to both Financial District locations, including the large event space located at 55 Broadway and conference rooms at both locations.
60 Broad will differ from Cowork|rs current Flatiron location and upcoming spaces in Gowanus and 55 Broadway as the space will be built to accommodate larger businesses. The space will be designed with customizable layouts for occupants with a large employee count which Cowork|rs has done for its current Flatiron tenant, technology company Mozilla. Mozilla’s New York office is based in Cowork|rs and was custom designed for its roughly 20 employees and growing headcount.
“Piedmont is extremely excited to welcome Cowork|rs as its newest tenant at 60 Broad Street,” said Brent Smith SVP of Strategic Investments for Piedmont. “In particular, we believe the unique business environment created by Cowork|rs will continue to drive a broad range of technology, media and design related companies to the building, adding to our list of large, creative-class tenants.”
“We are thrilled to be leasing this incredible space from Piedmont and to increase our presence in lower Manhattan,” said Shlomo Silber, Co-Founder and CEO of Cowork|rs. “The neighborhood is thriving, and we’re excited to provide an ideal working environment that allows for collaboration and is an affordable alternative for small to medium businesses to call home.”
Cowork|rs is the brainchild of former commercial contractor, Shlomo Silber, who wanted to create an environment for businesses and entrepreneurs to unlock their potential. Cowork|rs works with real estate broker Sean Black, Managing Director of JLL, to identify appropriate buildings and neighborhoods for the company’s rapid expansion and plans to open spaces in additional neighborhoods before the end of the year.
The new Cowork|rs space at 60 Broad Street is currently scheduled to open in fall 2015.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE:PDM) is an owner, manager and operator of high-quality, Class A office properties located in select sub-markets of major U.S. cities. Its geographically-diversified, over $5 billion portfolio is comprised of more than 21 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2). For more information, see www.piedmontreit.com.
About COWORK|RS
Founded in 2013, Cowork|rs is the coworking startup known for its “At Home At Work” vibe. The coworking and flexible office spaces are home to start-ups and established businesses ranging from technology companies to service firms — who all come to Cowork|rs for an alternative working environment that combines the comfort of home with a professional work space.
The privately funded company is headquartered in New York City with a location in the Flatiron District and new locations in Gowanus and the Financial District, coming in 2015. For more information, please visit cowork.rs and follow @coworkrs on Twitter.
