IWG Double-Header Lease Signing for Two of its Flexible Space Brands

Switzerland-based conglomerate IWG has signed two leases totaling about 91,000 square feet. The larger of the leases will bring a 63,000-square-foot co-working facility to be operated by the Spaces brand, the space located at 401 Park Avenue South was previously operated by WeWork. A former Virgo Business Centers at 14 Penn Plaza in Midtown will now house conferencing center operator Regus as a result of the second 28,000-square-foot lease deal.

Source:    https://www.crainsnewyork.com/commercial-real-estate/iwg-add-two-new-manhattan-coworking-outposts