UPDATED, Oct. 3, 6:18 p.m.: The top offices leases made public in September span a diverse group of industries including retail, government, law and media.
Together, the 10 biggest office lease deals made public during the month totaled 1.238 million square feet, with online retailer Amazon inking the largest deal at Brookfield Property Partners’ 5 Manhattan West.
1) Amazon, 5 Manhattan West, Hudson Yards – 360,000 square feet
Amazon inked a 15-year lease for 360,000 square feet of office space at 5 Manhattan West, as its main location for its advertising hub. The e-commerce colossus will take the entire sixth and seventh floor of the 16-story building, as well as part of the eighth and 10th floors. Amazon is joining other notable tenants like JPMorgan Chase and Amazon-owned Whole Foods. Jeremiah Larkin, Duncan McCuaig and Alex Liscio represented the landlord, Brookfield Property Partners, in-house, alongside Cushman & Wakefield’s Bruce Mosler, Josh Kuriloff, Rob Lowe, Ethan Silverstein and Matthias Li. Derek Trulson, Josh Stuart, Bill Peters, Clay Nielson represented the tenant.
2) NYC Department of Citywide Administrative Services, 95 Evergreen Avenue, Bushwick – 158,150 square feet
The city agency inked a 20-year lease for 158,000 square feet at 95 Evergreen Avenue the former home of Schlitz Brewery. The city is relocating three Brooklyn offices to the five-story building. A Cushman & Wakefield team of Mitchell Arkin, Joseph Cirone and Remy Liebersohn represented the landlords, Savanna and Hornig Capital Partners. Robert Giglio, also of Cushman & Wakefield, represented the city in the transaction.
3) Guardian Life Insurance Co. of America, 10 Hudson Yards, Hudson Yards – 148,000 square feet
The insurance firm inked a sublease for 148,000 square feet at 10 Hudson Yards in the 52-story, 1.7 million square foot building. Guardian will take three floors at the building. Coach owns the space.
4) Fragomen, Del Rey, Bersen & Lowey, 1400 Broadway, Midtown South – 108,000 square feet
The global immigration firm signed a 108,000 square feet lease at 1400 Broadway. The lease is for 16 years for the 8th, 9th and 10th floor of the building. Asking rent was reportedly $59 a square foot. John Shaunfield, Seth Weinstein and Paul Ippolito of Newmark Knight Frank represented the tenant. Scott Klau, Erik Harris and Neil Rubin, also of NKF, represented the landlord, Empire State Realty Trust, alongside Keith Cody in-house.
5) Lewis Brisbois Bisgaard & Smith, 77 Water Street, Financial District – 100,952 square feet
The law firm renewed and expanded its lease for 15 years and 101,000 square feet at 77 Water Street. Currently, the firm occupies the 19th, 20th and 21st floors, and it will now occupy the 18th floor as well. Jonathan Larsen and Mitti Liebersohn of Avison Young represented the tenant. Michael Lenchner of Sage Realty represented the landlord the William Kaufman Organization in-house.
6) Group Nine Media, 568 Broadway, Soho – 100,000 square feet
The digital media company renewed and expanded its lease for 100,000 square feet at 568 Broadway. The lease enables the company to take over the entire 4th, 5th, 6th, 10th and 11th floors of the building. Derrick Ades, Ben Fastenberg, Tim Dempsey and Cara Chayet of CBRE represented the tenant. Steven Bauer, Howard Hersch and Brett Harvey represented the landlords, Aurora Capital Associates and Allied Partners, alongside Bonnie Shapiro of Allied Partners.
7) Third Point, 55 Hudson Yards, Hudson Yards – 75,000 square feet
Daniel Loeb’s $15 billion hedge fund inked a 10-year, 75,000 square foot lease at the 1.3-million-square-foot tower at 55 Hudson Yards. The company is slated to take the entire 50th and 51st floors, as well as half of the 49th floor of building upon completion. Daniel Turkewitz and Alexander Chudnoff of JLL represented the tenant, while Emily Jones, Bob Alexander and Howard Fiddle of CBRE represented the landlord, Related Companies, alongside Stephen Winter, Andrew Cantor and Jordan Bargas in-house.
8) New York City Department of Sanitation, 375 Pearl Street, Two Bridges – 72,180 square feet
The New York City department signed a 20-year lease for 72,000 square feet at 375 Pearl Street. George Keller and Robert Giglio of Cushman & Wakefield represented the tenant. Gerry Miovski and Gregg Rothkin of Sabey Data Center Properties represented the landlord in-house.
9) Convene, 2 Rector Street, Financial District – 58,000 square feet
The shared meeting space company inked a lease for 58,000 square feet at 2 Rector Street (also known as 101 Greenwich), which will be the company’s new headquarters. The landlord of the building is Cove Properties, which bought the office tower for $225 million in March 2016. CBRE’s Rocco Laginestra, Jared Freede and Michael Wellen represented the tenant, while JLL’s Mitch Konsker, Scott Cahaly, Clayton Kline and Kyle Young handled the deal for the landlord.
10) RadicalMedia, 453 Hudson Street, West Village – 57,000 square feet
The media company signed a lease for 57,000square feet at 453 Hudson Street. Trinity Real Estate is the landlord of the building.
|Top 10 office leases in New York City reported September 2017|
|Rank||Address||Sq. Ft.||Neighborhood||Tenant||Tenant representative||Landlord||Landlord representative||Est. ppf||Term|
|1||5 Manhattan West||360,000 sf||Hudson Yards||Amazon||JLL's Derek Trulson, Josh Stuart, Bill Peters, Clay Nielson||Brookfield Property Partners||Brookfield Property Partners' Jeremiah Larkin, Duncan McCuaig, Alex Liscio; Cushman & Wakefield's Josh Kuriloff, Rob Lowe, Ethan Silverstein, Matthias Li||15-years|
|2||95 Evergreen Avenue||158,150 sf||Bushwick||NYC Department of Citywide Administrative Services||Cushman & Wakefield's Robert Giglio||Savanna; Hornig Capital Partners||Cushman & Wakefield's Mitchell Arkin, Joseph Cirone and Remy Liebersohn||20-years|
|3||10 Hudson Yards||148,000 sf||Hudson Yards||Guardian Life Insurance Co. of America||Coach Inc.||$80/sqft|
|4||1400 Broadway||108,000 sf||Midtown South||Fragomen, Del Rey, Bersen & Lowey||Empire State Realty Trust||$59/sqft||16-years|
|5||77 Water Street||100,952 sf||Financial District||Lewis Brisbois Bisgaard & Smith||Avison Young's Jonathan Larsen, Mitti Liebersohn||Sage Realty||Sage Realty's Michael Lenchner||15-years|
|6||568 Broadway||100,000 sf||Soho||Group Nine Media||CBRE's Derrick Ades, Ben Fastenberg, Tim Dempsey, Cara Chayet||Aurora Capital; Allied Partners||JLL's Steven Bauer, Howard Hersch, Brett Harvey; Allied Partners' Bonnie Shapiro|
|7||55 Hudson Yards||75,064 sf||Hudson Yards||Third Point||JLL's Daniel Turkewitz, Alexander Chudnoff||Related Companies; Oxford Properties Group; Mitsui Fudosan||CBRE's Emily Jones, Bob Alexander, Howard Fiddle; Related Companies' Andrew Cantor, Jordan Bargas, Stephen Winter||10-years|
|8||375 Pearl Street||72,180 sf||Two Bridges||New York City Department of Sanitation||Cushman & Wakefield's George Keller, Robert Giglio||Sabey Data Center Properties||CBRE's Gerry Miovski, Gregg Rothkin||20-years|
|9||2 Rector Street||58,487 sf||Financial District||Convene||2 Rector Street (NY) LLC|
|10||435 Hudson Street||56,894 sf||West Village||RadicalMedia||Trinity Real Estate|
|Source: The Real Deal reasearch of news reports and submitted deals published or received last month.|