Brookfield signs Skadden to mega-lease, will begin construction on 1 Manhattan West

White-shoe law firm to take 550,000 square feet at 2.1M sf office tower at Hudson Yards

Apr.April 14, 2015 06:34 PM

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

Related Articles

Brookfield's Ric Clark (Credit: Getty Images)

Brookfield’s Ric Clark steps back from day-to-day role

JLL President and CEO Christian Ulbrich & JLL Global Chief Financial Officer Stephanie Plaines (Credit: iStock, JLL)

JLL still riding revenue wave after HFF acquisition

Glenn Tolchin and Yoav Oelsner (Credit: Jll; Getty Images)

Former JLL brokers launch boutique sales firm

Brookfield Property Partners CEO Brian Kingston (Credit: Brookfield, iStock)

2020 “will get a little better” after peak year for retail bankruptcies: Brookfield

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

Clockwise from left: 168-170 Wythe Avenue, 115 North 6th Street and 129-133 Kent Avenue with L3 Capital's Domenic Lanni (Credit: Google Maps)

L3’s Williamsburg retail properties snag $91M refi

Warner Media CEO John Stankey, Google CEO Sundar Pichai and Facebook CEO mark zuckerberg (Credit: Getty Images, iStock)

Triple-digit office rents, once a rarity, are now a major piece of Manhattan deals

Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel