Brookfield Property Partners signed law firm Skadden, Arps, Slate, Meagher & Flom to a 20-year lease for 550,000 square feet at Brookfield’s 1 Manhattan West, allowing the real estate investment trust to kick off construction on the 2.1 million-square-foot office tower.
The law firm will take the 28th to 43rd floors of the tower, one of two planned commercial buildings at Brookfield’s 7 million-square-foot Manhattan West project, Brookfield announced today.
“When this building opens in 2019 it will be home to Skadden and other exceptional companies from New York and around the world, and Manhattan West will have established itself as a dynamic, vibrant mixed-use community,” Dennis Friedrich, CEO of Brookfield Property Partners’ office division, said in a statement.
A JLL team led by Peter Riguardi, Kenneth Siegel and Matthew Astrachan represented Skadden. The in-house team of Jerry Larkin, Duncan McCuaig and David McBride, as as well as a Cushman & Wakefield team including Bruce Mosler, Josh Kuriloff and Mikael Nahmias represented Brookfield.
Skadden will relocate from its current headquarters at 4 Times Square upon the expiry of its lease in 2020, the New York Daily News reported in August.
The Real Deal reported last month that Brookfield had signed London-based global financial data provider Markit to a 15-year lease for a 140,000-square-foot space at 5 Manhattan West, the 16-story, 1.8 million-square-foot building adjacent to the 1 Manhattan West tower. — Rey Mashayekhi