The Real Deal New York

These were the top NYC office leases in July

The 10 biggest lease deals totaled just 345K sf

September 01, 2016 07:30AM
By Reginald Barley

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The biggest deal signed during July was Omnicom's 64,000-square-foot lease at SL Green's 220 West 42nd Street

The biggest deal signed during July was Omnicom’s 64,000-square-foot lease at SL Green’s 220 East 42nd Street

Marketing mammoth Omnicom Group topped the list of the largest commercial lease deals inked in New York City during the dog days of July, according to data from The Real Deal and CoStar.

The firm leased 64,111 square feet at SL Green Realty‘s 220 East 42nd Street, known as the former headquarters of the New York Daily News. Omnicom was represented by Feld Real Estate while SL Green used in-house staff to broker the lease.

In all, the top 10 leases signed in July total just 344,879 square feet, a far cry from June’s 1.12 million square feet. Most of the biggest leases were signed in Midtown, but Brooklyn made an appearance, with Utech signing a lease for 24,000 square feet at Elo Realty’s 180-182 Third Avenue in Gowanus.

On the landlord side, SL Green signed commitments for the most amount of space. Beyond its deal with Omnicom, it also signed IMG Worldwide to 18,000 square feet at 304 Park Avenue South.

On the tenant side, CBRE was the top brokerage on big lease deals in July, representing two clients for a total of 64,605 square feet. Cushman & Wakefield was the top brokerage for landlords in July, negotiating for 86,783 square feet for SL Green and the Rockefeller Group.

To see the top 10 leases for each month of 2016, click here.

Top 10 Office Leases in New York City
July 1 - July 31 2016
AddressNeighborhoodSquare FootageTenantTenant brokerage, brokerLandlordLandlord brokerage, broker
220 East 42nd StreetMidtown 64,111 Omnicom GroupFeld Real EstateSL Green RealtyCushman & Wakefield, Tara Stacom, Barry Zeller, Justin Royce, Connor Daugstrup; SL Green Realty, Larry Swiger, Elaine Anazagasty, Krystyn Gatto
156 William StreetFinancial District 54,274 Weill Cornell Medical CollegeCushman & Wakefield, Michael Burgio, John Cefaly, David Berken/aThe Corcoran Group, Paul Wexler, Josef Yadgarov
Empire State BuildingMidtown East 46,573 JCDecauxCBRE, Snezana Anderson, Brad Needleman, Bernhard Weinstabel Empire State Realty TrustEmpire State Realty Trust, Shanae Ursini; JLL, Paul Glickman, Jonathan Fanuzzi, Harley Dalton, Kip Orban, Simon Landmann
22 West 38th StreetGarment District 35,286 KnotelLee & Associates Commercial Real Estate, Mitchell Kunikoff, Dennis Someck, Peter BrausDalan MangementNewmark Grubb Knight Frank, David Emden, William Cohen, JD Cohen
315 Park Avenue SouthGramercy 34,400 Winton Capital ManagementSavills Studley, Evan Margolin, Lance LeightonColumbia Property TrustL&L Holding, Andrew Wiener, David Young
115 Seventh AvenueChelsea 25,845 Sosan/aAshkenazy AcquisitionAshkenazy Acquisition, Daniel Iwanicki, Brandon Hoffman
180-182 3rd Avenue (Brooklyn)Gowanus 24,000 Utechn/aElo RealtyElo Realty, Jack Elo
1221 Sixth AvenueTimes Square 22,672 Tokio Marine ManagementJLL, Peter Riguardi, Cynthia Wasserberger, Mike BergThe Rockefeller GroupCushman & Wakefield, John Cefaly, Gus Field, Robert Lowe, Michael Burgio, David Berke, Jon Fales
625 West 55th StreetMidtown West 19,686 Meadows Office InteriorsNewmark Grubb Knight Frank, Brian Goldman, Brandon DavidNationwide ManagementCBRE, Stuart Siegel, Brett Kaye, Matthew Bergey
304 Park Avenue SouthGramercy 18,032 IMG WorldwideCBRE, Michael Laginestra, Christopher Mansfield, Rocco Laginestra, Brian DooleySL Green RealtySL Green Realty, Gary Rosen, Howard Tenenbaum
Source: TRD reporting and CoStar Group data
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