The Real Deal New York

The 10 biggest office leases of November

By Ashley McHugh-Chiappone | December 14, 2017 08:30AM

It was a November to remember in terms of office leasing activity. In October, the top 10 office lease deals totaled only 687,000 square feet, but last month that figure reached 1.6 million square feet for the top 10 deals.

Here’s a look at November’s biggest deals:

1) Ernst & Young, 1 Manhattan West, Hudson Yards – 600,000 square feet
The accounting firm inked a lease for 600,000 square feet of office space at 1 Manhattan West. The firm, now known as “EY,” will occupy the 6th through 22nd floors at the 67-story tower. EY joins other big name tenants, such as Accenture and the NHL. Brookfield Property Partners is the landlord of the building.

2) Ann Inc., 7 Times Square, Times Square – 300,000 square feet
The parent company of fashion retailer Ann Taylor inked a lease for 300,000 square feet at 7 Times Square. The company signed a 15-year lease across three floors at the 47-story tower. Boston Properties is the landlord.

3) McKinsey & Co., 3 World Trade Center, Financial District – 200,000 square feet
The “big three” management-consulting firm signed a lease for 200,000 square feet at 3 World Trade Center in the 104-story tower. The firm will take the 60th, 61st, 62nd, 63rd and 64th floors of the building. Silverstein Properties is the landlord of the FiDi building.

4) C.V. Starr & Co., 399 Park Avenue – 123,000 square feet
The insurance company inked a lease for 123,000 square feet at 399 Park Avenue. Boston Properties is the landlord of the 39-story building.

5) Comcast, 1407 Broadway, Midtown South – 100,000 square feet
The cable and internet provider signed a 10-year lease for 100,000 square feet at 1407 Broadway. The firm will occupy the entire 11th and 12th floors, as well as part of the 14th floor at the 43-story tower. Asking rent in the deal was $65 per square foot. Peter Turchin, Gregg Rothkin, Brett Shannon, Ben Fastenberg, Keith Caggiano, and Ross Zimbalist of CBRE represented the landlord, Shorenstein Properties, while Anthony LoPresti, Michael Gottlieb and David Fahey of Avison Young represented the tenant.

6) New York City Department of Education, 335 Adams Street, Downtown Brooklyn – 64,000 square feet
The government agency renewed its lease for just over 64,000 square feet at 335 Adams Street. The DOE signed a 15-year deal, and will take over the 28th and 29th floors of the 32-story office building. Ross Spitalnick of Muss Development represented the landlord in-house.

7) Institutional Investor, 1120 Sixth Avenue, Midtown – 60,000 square feet
The publication signed a lease for nearly 60,000 square feet at 1120 Sixth Avenue. The landlord, Hippodrome Land Compa, a subsidiary of Edison Properties, represented itself in-house.

8) Booking.com, 28 Liberty Street, Financial District – 53,000 square feet
The travel website inked a 10-year lease for 53,000 square feet at 28 Liberty Street. The company signed a lease for part of the 28th and all of the 29th floor of the 60-story tower. Richard Levine of CBRE represented the tenant, while John Wheeler of JLL represented the landlord, Fosun International.

9) Newell Brands, 53-83 Water Street, DUMBO – 47,000 square feet
The parent company of household staples inked a lease for 47,000 square feet of office space at 53-83 Water Street. Newell is taking over the 3rd floor of the 6-story building, alongside tenants like West Elm and United Technologies. Empire Stores is the landlord of the building.

10) Scholastic, 601 West 26th Street, West Chelsea – 45,000 square feet
The publishing company signed a lease for just over 45,000 square feet of office space at 1601 West 26th Street, better known as the Starrett-Lehigh Building. RXR Realty is the landlord of the 19-story building.