Booking.com takes 53K sf at 28 Liberty

Fosun International is repositioning former JPMorgan headquarters

TRD New York /
Nov.November 07, 2017 05:20 PM

Booking.com’s Gillian Tans and 28 Liberty Street (Credit: LinkedIn and SOM)

Fosun International’s booked a new tenant at 28 Liberty Street in the Financial District.

Travel website Booking.com signed a lease for 53,000 square feet in the mid-rise section of the 60-story tower, sources told The Real Deal.

The popular website, whose “Booking.yeah” ad campaign blankets TV airwaves, leased part of the 28th floor and the full 29th floor in a 10-year deal. Asking rents in that portion of the building are in the $60s per square foot.

A representative for Fosun, which is in the midst of repositioning the former One Chase Manhattan Plaza tower it bough in 2013 for $725 million, declined to comment. A JLL team led by John Wheeler is handling leasing at the building for Fosun. Richard Levine of CBRE represented Booking.com.

Booking.com currently has offices Downtown just two blocks away at Manulife Real Estate’s 100 William Street. It wasn’t immediately clear if the company will relocate those offices or if the new deal represents an expansion.

The Priceline.com subsidiary is showing strong momentum this year. The company has roughly 1.5 million properties on the platform, an increase of 41 percent from last year, Reuters reported.

Booking.com is the latest tenant added to Fosun’s roster as it overhauls the Lower Manhattan skyscraper, including the addition of some 200,000 square feet of retail at the base of the tower.

Dinner-and-a-movie chain Alamo Drafthouse earlier this year signed a deal to open a 10-screen, 40,000-square-foot theater at the property, and restaurateur Danny Meyer plans to open a 38,000-square-foot catering-and-events space on the tower’s 60th floor.

On the office floors, financial trading firm Broadway Technology earlier this year signed a lease for 25,000 square feet, and New York State Attorney General Eric Schneiderman’s office inked a deal for 375,000 square feet.

Law firm Milbank, Tweed, Hadley & McCloy will leave behind nearly 340,000 square feet when it relocates to the 55 Hudson Yards next year.

Deutsche Bank and HSBC are preparing to lend Fosun $800 million to finance the property.


Related Articles

arrow_forward_ios
Mayor Bill de Blasio (Getty, Wikimedia)

Landlords challenge city laws protecting non-paying businesses

Landlords challenge city laws protecting non-paying businesses
From left: G.H. Palmer's Geoffrey Palme, RFR Holdings' Aby Rosen, Macklowe Properties' Harry Macklowe, Thor Equities' Joseph Sitt and Ellicott Development's Carl Paladino (Getty, iStock)

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks

Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
Photo illustration of Ryan Serhant and  22-43 Jackson Avenue (Getty, Trader Joe's) 

Trader Joe’s to open in LIC early next year

Trader Joe’s to open in LIC early next year
Shawn Mobley (left), is being replaced by Andrew McDonald (right) as CEO of the Americas at Cushman

Shakeup at Cushman: Mobley out, McDonald promoted

Shakeup at Cushman: Mobley out, McDonald promoted
4 Times Square (Google Maps, TikTok)

What happens if Trump banishes TikTok, savior of NYC’s office market?

What happens if Trump banishes TikTok, savior of NYC’s office market?
(iStock)

To survive, NYC retailers are treating average Joe’s like they’re rich

To survive, NYC retailers are treating average Joe’s like they’re rich
The financing deal comes after AMC theaters have been shuttered for months due to the coronavirus pandemic. (iStock)

AMC nears deal to avoid bankruptcy

AMC nears deal to avoid bankruptcy
CIM Group’s Shaul Kuba, Knotel's Amol Sarva, Related Group’s Jorge Pérez and The Agency’s Mauricio Umansky (Getty, Sarva by Sasha Maslov, iStock)

These real estate companies got fat PPP loans

These real estate companies got fat PPP loans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...