WeWork Signs Landmark Deal With IBM For Full Manhattan Building
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IBM would take up 70K SF of the 10-story, 87K SF 88 University Place, and WeWork would manage the entire space for the lone tenant, rather that IBM sharing the co-working giant's classic amenities — free coffee and beer, activities, office managers — with other companies, The Real Deal reports.
In February, WeWork restructured the company, bringing on executives to run three distinct divisions, including a new "enterprise" vertical under which deals like IBM would fall. WeWork signed Amazon to take two-thirds of a location in Boston's Back Bay a week later.