Bankrupt WeWork to Immediately Dump 40 NYC Office Leases
- Co-working firm entered Chapter 11 protection on Monday
- Loss-making locations helped drive WeWork to bankruptcy
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WeWork Inc., once the biggest private office tenant in Manhattan, moved to nix dozens of pricey leases in New York immediately after filing for bankruptcy.
Dormant locations in New York dominate a list of nearly 70 leases the co-working giant intends to terminate, court papers show. The roughly 40 contracts at issue include space near Union Square and in Fulton Center, a retail and transit facility in downtown Manhattan.