Spaces Opens Flagship Location in Manhattan West

The co-working firm plans to occupy 103,000 square feet at Brookfield's The Lofts at Manhattan West, marking the company's largest U.S. lease to date.

The Lofts at Manhattan West, New York City
The Lofts at Manhattan West, New York City

International co-working operator Spaces has signed a 103,000-square-foot, 10-year lease to occupy the entire seventh through 13th floors of The Lofts at Manhattan West, a boutique office building in Midtown Manhattan owned by Brookfield Property Partners.

The 13-story, 202,000-square-foot asset is located at 434 W. 33rd St., and features 15,000-square-foot open floor plates, high ceilings, multiple terraces, exposed I-beam columns and a 2,000-square-foot rooftop. The property recently underwent extensive renovations, including upgrades to its mechanical systems and improvements to the lobbies and elevators. Additionally, the landlord will provide Spaces with a private entrance and a reimagined lobby.

City within a city

The property is part of Brookfield’s eight-acre, six-building, mixed-use Manhattan West development, which will feature upon completion some 6 million square feet of premier office space. The complex also includes the 1.6 million-square-foot Five Manhattan West office tower, the recently completed One and Two Manhattan West, as well as luxury residential tower The Eugene and a boutique hotel. The urban elements are connected through landscaped gardens and front-street retail.

Manhattan West’s tenants include Amazon, JP Morgan Chase, RGA Accenture, McKool Smith and Ernst & Young, which recently signed a 600,000-square-foot office lease. The property is situated adjacent to the Empire Station/Penn Station Complex. Hudson Yard’s new train station, as well as seven subway lines, the Long Island Railroad and Amtrak provide tenants easy access throughout the entire area.

JLL’s Jim Wenk, Brannan Moss and Kirill Azovtesv represented Spaces in the lease transaction, while Cushman & Wakefield‘s Bruce Mosler, Josh Kuriloff, Robert Lowe, Ethan Silverstein, Matthias Li and Whitney Anderson acted on behalf of Brookfield.

Manhattan West has become a destination for tech, creative and corporate tenants, offering a variety of superior office products that appeal to a diverse set of companies,” Brookfield’s New York Office Division Executive Vice President David Cheikin said in a prepared statement.

Image courtesy of Brookfield Property Partners