The Real Deal New York

These were the top 10 office leases in June

Two DoBro contracts among largest spaces rented citywide

July 14, 2016 04:30PM
By Reginald Barley, Jr.

Rendering of the Brooklyn Brewery at the Brooklyn Navy Yard (credit: Davis Brody Bond)

Rendering of the Brooklyn Brewery at 77 Flushing Avenue in the Brooklyn Navy Yard (credit: Davis Brody Bond)

A Brooklyn lease for the headquarters of the New York City Fire Department topped the list of the largest commercial deals inked in New York City during June, according to data from The Real Deal and CoStar.

The FDNY renewed its 339,993-square-foot lease in Downtown Brooklyn at Forest City Ratner’s TRData LogoTINY 9 Metrotech Center, which was about 200,000 square feet bigger than any other lease signed in June. The department moved its headquarters to the building in 1996.

It wasn’t the only deal in Downtown Brooklyn to land in the list of top 10 commercial leases signed in June. The Brooklyn Brewery grabbed 75,000 square feet for its new headquarters at 77 Flushing Avenue in the Brooklyn Navy Yard. Doors are expected to open in 2018.

The June ranking includes a total of 1.12 million square feet, with the majority of leases signed in Midtown Manhattan.

Brokerage CBRE reigned supreme for both tenant and landlord representations during the month, with a hand in almost half the deals on June’s list. On the tenant side, the firm negotiated 402,000 square feet of space between four clients: Alston & Bird, Merrill Lynch, Gilt Groupe, and Bleacher Report. JLL placed second on the tenant side, with a combined 185,172 square feet of negotiated space for tenants QBE North America and New York Life Insurance Company.

Top 10 Office Leases
June 1 - June 30, 2016
AddressNeighborhoodSquare FootageTenantTenant brokerage, brokerLandlordLandlord brokerage, broker
9 Metrotech Center (Brooklyn)Downtown Brooklyn 339,993New York City Fire Department n/aForest City Enterprisesn/a
90 Park AvenueGrand Central 122,525Alston & Bird CBRE Vornado Realty Trust Vornado Realty Trust, Josh Glick
75 Rockefeller PlazaPlaza District 122,418Merrill Lynch CBRE, Robert Alexander, Ramneek Rikhy, Emily Jones, Ryan Alexander RXR Realty Cushman & Wakefield, Bruce Mosler, Tara Stacom, Mikael Nahmias
2 Park AvenueMurray Hill 98,588Gilt Groupe CBRE Morgan Stanley & CompanyCBRE
55 Water StreetFinancial District 97,228QBE North America JLL Retirement Systems of AlabamaCushman & Wakefield, Frank Cento
420 Lexington AvenueGrand Central 87,944New York Life Insurance Company JLL, Matthew Astrachan, Paul Glickman SL Green RealtySL Green Realty, David Kaufma
77 Flushing Avenue (Brooklyn)Downtown Brooklyn/Navy Yard 75,000Brooklyn Brewery Brooklyn Navy Yard Development, Annie Meyding, Sukanya PaciorekCity of New York n/a
1633 Broadway Midtown West58,656Bleacher Report CBRE Paramount Group CBRE, Patrice Meagher, Robert Hill, Paul Amrich, Howard Fiddle
5 Bryant ParkGarment Dristrict54,782Movable Inkn/aEquity Office Properties Newmark Grubb Knight Frank, Brent Ozarowski, Joshua Gosin, Lance Korman, Brent Ozarowski
315 Hudson StreetLower Manhattan54,590GalvanizeJack Resnick & Sons, Brett Greenberg, Dennis BradyJack Resnick & Sons Newmark Grubb Knight Frank, David Falk, Peter Shimkin, Daniel Levine, Jason Greenstein
Source: Leases signed between June 1 and June 30 2016 counting only those deals with known tenants according to CoStar and TRD reporting.

Source: Leases signed between June 1 and June 30, 2016 counting only those deals with known tenants, according to CoStar and TRD reporting.

The landlord-repping pack saw Cushman & Wakefield secure the top spot. The firm brokered big deals for landlords Retirement Systems of Alabama and RXR Realty, which totaled 219,646 square feet. Newmark Grubb Knight Frank also took two spots on the list, representing Equity Office Properties’ at 5 Bryant Park and Jack Resnick & Sons’ 315 Hudson Street for a combined 109,372 square feet.

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