October 15, 2020
Williams Equities arranged a lasting, 36,600-square-foot extension at 136 Madison Ave. with Regus, which inhabits two floors in the ownership team’s store Midtown South home.
Regus, possessed by publicly traded IWG PLC, already inhabits the whole 5th and 6th floorings at 136 Madison with an existing lease. The new transaction in between Regus and also Williams Equities expands the term with 2031.
“Regus is a clear co-working industry leader and worldwide valued brand,” a Williams Equities spokesperson claimed. “As a publicly-traded company and profitable in 2019, Regus is distinct in the market. This new transaction represents our confidence they will certainly emerge from their restructuring as a giant as well as signals our hope that the connection in between our profile and also Regus will certainly proceed long into the future.”
The broker agent group of Michael T. Cohen, president, and Andrew Roos, cice chairman, both with Colliers International Tri-State, stood for both Williams Equities and Regus.
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