Spaces is bringing its own brand of co-working to Dumbo Heights. The company signed a lease for 61,539 square feet at 175 Pearl St., part of the former Jehovah’s Witness complex. When it opens in 2019, Spaces, which originated in Amsterdam and is owned by IWG, the parent of Regus, will have a first-floor entrance plus the entire second and third floors. In early August, IWG rejected three takeover offers, even as its profits plunged due to expansion expenses along with the freshening of its older sites. Since then, Spaces has been bulking up. Besides the 110,000 square feet it leased at the Chrysler Building, it took 100,000 square feet at 787 11th Ave. Both were first reported by the Real Deal. Spaces will have its own entrance, a café and rooftop amenity access. Normandy Real Estate Partners bought Invesco’s majority stake last year. Mark Ravesloot, Scott Sloves and Peter Danna of CBRE represented Spaces in the new Dumbo deal. CBRE colleagues Neil King, Patrice Meagher, Paul Amrich, Jeff Fischer and Sacha Zarba represented the ownership. Diligent Corp. has signed a lease for 44,700 square feet on part of the 15th and the full 16th floor at 111 W. 33rd St., an Empire State Realty Trust building. Diligent, which will use the space for a new US headquarters, was represented by Louis D’Avanzo, Mark Richardson and Michael Baraldi of Cushman & Wakefield. Keith Cody represented ESRT in-house along with Neil Rubin of Newmark Knight Frank. The 11-year lease had an asking rent of $67 per square foot.
Co-working company Spaces has signed a lease for 61,539 sq ft of a former Jehovah’s Witness centrein New York, including a first-floor entrance, along with the second and third floors. The centre, located at 175 Pearl St., Dumbo Heights, is scheduled to open in 2019.