The Real Deal New York

Financial data firm Markit signs huge lease at 5 Manhattan West

TAMI tenant takes 140,000 sf at Brookfield’s 16-story office building
By Mark Maurer | Twitter_logo_blue copy March 27, 2015 02:20PM

Markit, a London-based global financial data provider, is consolidating its New York City offices into a 140,000-square-foot space at Brookfield Property Partners’ 5 Manhattan West, The Real Deal has learned.

Markit inked a 15-year deal this week to occupy the full fifth floor of the 1.8 million-square-foot property at 450 West 33rd Street, now undergoing an upgrade as part of the $4.5 billion Manhattan West project on the Far West Side, according to sources familiar with the deal.

Cushman & Wakefield’s Bruce Mosler, Josh Kuriloff, Mikael Nahmias and Ethan Silverstein represented the landlord, while Savills Studley’s Jeffrey Peck and Daniel Horowitz represented Markit.

Sources said Markit, founded in 2003, plans to vacate its offices at two buildings, H.J. Kalikow & Company’s 101 Park Avenue and the New York Times Building at 620 Eighth Avenue. The firm has just over 47,000 square feet at 101 Park and nearly 32,000 square feet at 620 Eighth, according to CoStar data.

Cushman and representatives for Brookfield and Markit declined to comment, while Savills Studley could not be reached.

Brookfield, one of the largest office landlords in the U.S., has been targeting TAMI – technology, advertising, media and information technology – tenants for the 16-story building. Tenants now include advertising giant the Interpublic Group of Companies, JPMorgan’s digital arm and the Associated Press.