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WeWork Expands Lease at 575 Fifth Ave.

The building's co-owners Beacon and MetLife stress the desirability of Midtown Manhattan.

575 Fifth Ave. WeWork adds floors and Numis Securities relocates to 575 5th Ave.

NEW YORK CITY—WeWork, the global workspace company, has signed a 15-year lease, adding 43,000 square feet on three floors at 575 Fifth Ave. That brings WeWork’s occupancy to a total of 101,000 square feet, leasing seven floors in the building.

In addition, Numis Securities, a UK-based investment banking and stock brokerage company, will relocate its New York office to 7,000 square feet on the 25th floor of the building. Beacon Capital Partners and MetLife co-own the building, acquiring it in 2015.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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