Booking.com takes 53K sf at 28 Liberty

Fosun International is repositioning former JPMorgan headquarters

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

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.


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