Santander Bank Subleases 160K-sf in Plaza District

An approximately 160,000-square-foot portion of the roughly 362,000 square feet leased to co-working space provider WeWork in late 2019 has been subleased to Santander Bank. The lender will be relocating from its current headquarters just three blocks away at 45 East 53rd Street. Full details of the deal that had an asking rent of about $90 per square foot were not released.