Convene has signed a lease for 116,000 sq ft of space over four flours at RXR Realty's property in midtown Manhattan's Fifth Avenue. Convene, which provides flexible meeting and working space, enlarged its midtown Manhattan footprint with its biggest lease ever, expanding a partnership with RXR Realty LLC and going after the small to medium-size tenant that industry leader WeWork Cos. has just begun to court. The company is the first to occupy the space, which was previously occupied by an office building that closed last year. Ryan Simonetti, co-founder and CEO of the company said it was a segment that has been forgotten about. Last month, WeWork announced the launch of HQ by WeWork aiming to serve the same segment.
Convene has signed a lease for 116,000 sq ft of space over four flours at RXR Realty's property in midtown Manhattan's Fifth Avenue. The company is the first to occupy the space, which was previously occupied by an office building that closed last year. Ryan Simonetti, co-founder and CEO of the company said it was a segment that has been forgotten about. Last month, WeWork announced the launch of HQ by WeWork aiming to serve the same segment.