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These were the top 10 office leases in June
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] 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 | ||||||
| Address | Neighborhood | Square Footage | Tenant | Tenant brokerage, broker | Landlord | Landlord brokerage, broker |
| 9 Metrotech Center (Brooklyn) | Downtown Brooklyn | 339,993 | New York City Fire Department | n/a | Forest City Enterprises | n/a |
| 90 Park Avenue | Grand Central | 122,525 | Alston & Bird | CBRE | Vornado Realty Trust | Vornado Realty Trust, Josh Glick |
| 75 Rockefeller Plaza | Plaza District | 122,418 | Merrill Lynch | CBRE, Robert Alexander, Ramneek Rikhy, Emily Jones, Ryan Alexander | RXR Realty | Cushman & Wakefield, Bruce Mosler, Tara Stacom, Mikael Nahmias |
| 2 Park Avenue | Murray Hill | 98,588 | Gilt Groupe | CBRE | Morgan Stanley & Company | CBRE |
| 55 Water Street | Financial District | 97,228 | QBE North America | JLL | Retirement Systems of Alabama | Cushman & Wakefield, Frank Cento |
| 420 Lexington Avenue | Grand Central | 87,944 | New York Life Insurance Company | JLL, Matthew Astrachan, Paul Glickman | SL Green Realty | SL Green Realty, David Kaufma |
| 77 Flushing Avenue (Brooklyn) | Downtown Brooklyn/Navy Yard | 75,000 | Brooklyn Brewery | Brooklyn Navy Yard Development, Annie Meyding, Sukanya Paciorek | City of New York | n/a |
| 1633 Broadway | Midtown West | 58,656 | Bleacher Report | CBRE | Paramount Group | CBRE, Patrice Meagher, Robert Hill, Paul Amrich, Howard Fiddle |
| 5 Bryant Park | Garment Dristrict | 54,782 | Movable Ink | n/a | Equity Office Properties | Newmark Grubb Knight Frank, Brent Ozarowski, Joshua Gosin, Lance Korman, Brent Ozarowski |
| 315 Hudson Street | Lower Manhattan | 54,590 | Galvanize | Jack Resnick & Sons, Brett Greenberg, Dennis Brady | Jack 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. nn | ||||||
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.