The top 10 NYC office leases in March

JPMorgan Chase signed the biggest deal, with a 437K sf lease at 390 Madison

New York /
Apr.April 06, 2018 02:30 PM

UPDATED: April 17, 11:21 a.m.: March’s top offices leases secured less square footage than February’s. The top 10 office lease deals totaled 995,974 square feet, slightly lower than February’s top 10 leases, which totaled 1.2 million square feet.

1) JPMorgan Chase, 390 Madison Avenue, Midtown East – 436,905 square feet

The financial giant inked a lease for 16 full floors, totaling 436,905 square feet of office space at 390 Madison Avenue. David Levinson, David C. Berkey, Andrew Wiener and Jim Traynor of L&L Holding represented the tenant and the landlord in-house.

2) CIT Group, 11 West 42nd Street, Midtown – 150,000 square feet

The commercial lender renewed its lease for 15 years for 150,000 square feet at 11 West 42nd Street. The firm is taking the 11th through the 14th floors of the 32-story building. Tishman Speyer is the landlord of the building.

3) Jay Suites, 15 West 38th Street, Garment District – 90,000 square feet

The coworking company signed a 17-year sublease for 90,000 square feet of office space at 15 West 38th Street. Sean Black of BLACKre represented the tenant. Laura Pomerantz and Maria Travlos of Cushman & Wakefield represented the landlord, Hudson’s Bay.

4) Rockefeller Capital Management, 630 Fifth Avenue– 65,000 square feet

The Wall Street shop inked a 15-year lease for 65,000 square feet at 630 Fifth Avenue. Jonathan Serko and Andrew Ross of Cushman & Wakefield represented the tenant. Tishman Speyer is the landlord of the building.

5) WeWork, 125 West 25th Street, Chelsea – 58,360 square feet

The coworking company signed a lease for 58,360 square feet at 125 West 25th Street. CBRE represented the landlords, Normandy Real Estate Partners, Waterbridge Capital and Urban Development.

6) Scotiabank, 250 Vesey Street, Battery Park City – 50,000 square feet

The Canadian bank inked a sublease for 50,000 square feet of space at 250 Vesey Street. Hudson’s Bay is the sublandlord of Brookfield Place.

7) Housing Works, 57 Willoughby Street, Downtown Brooklyn – 41,000 square feet

The AIDS and homelessness-services nonprofit renewed its lease for 41,000 square feet at 57 Willoughby Street. David Carlos, Nick Farmakis and John Mambrino of Savills Studley represented the tenant in the deal. Whitten Morris and Joseph Sipala of Newmark Knight Frank represented the landlord, Meadow Partners.

8) NYC Office Suites, 1270 Sixth Avenue, Plaza District – 40,000 square feet

The flexible office provider signed a lease for 40,000 square feet at 1270 Sixth Avenue. Sean Black of BLACKre represented the tenant. Tishman Speyer is the landlord of the building.

9) Littler, 900 Third Avenue, Sutton Place – 34,709 square feet

The employment and labor law firm inked a lease for 34,709 square feet of office space at 900 Third Avenue. Anthony Dattoma, Ken Rapp and Kevin Bender of CBRE represented the tenant. Peter Brindley, Doug Neye, Sean Kirk of the Paramount Group represented the landlord in-house.

10) Traxys Group, 299 Park Avenue, Plaza District – 30,000 square feet

The commercial metals trading company signed a lease for 30,000 square feet of office space at 299 Park Avenue. CBRE represented the tenant in the deal. Newmark Knight Frank represented the landlord, Fisher Brothers, along with an in-house team.

Clarification: Andrew Ross was added as a broker for the deal at 630 Fifth.


Related Articles

arrow_forward_ios
Burberry's Jonathan Akeroyd with 11 West 42nd Street (Getty, Google Maps, iStock)
Burberry sews up deal at Tishman Speyer building
Burberry sews up deal at Tishman Speyer building
Adam Leitman Bailey, Y. David Scharf, and Miki Naftali with 215 West 84th Street (Adam Leitman Bailey, Morrison Cohen, Getty)
Naftali lays out project as holdout tenant plays new card
Naftali lays out project as holdout tenant plays new card
Taconic Partners' Matthew Weir and Hudson Research Center 61 at 9 West 54th Street (iStock, Taconic Partners, Hudson Research Center)
RPI signs at Taconic and Silverstein’s life sciences hub
RPI signs at Taconic and Silverstein’s life sciences hub
Harry and Linda Macklowe (Getty Images, Andy Warhol Foundation for the Visual Arts, Inc./Artists Rights Society (ARS), NY, Sotheby's, iStock)
Macklowe art collection fetches nearly $1B at auction
Macklowe art collection fetches nearly $1B at auction
Buildots' Aviv Leibovici, Roy Danon and Yakir Sudry (Buildots)
Construction-tech firm Buildots raises $60M in Series C round
Construction-tech firm Buildots raises $60M in Series C round
660 Fifth Avenue in Manhattan and Macquarie Group's Shemara Wikramanayake (Brookfield Properties, iStock, Macquarie Group, Illustration by Kevin Cifuentes for The Real Deal)
Brookfield signs first tenant at 660 Fifth Avenue
Brookfield signs first tenant at 660 Fifth Avenue
Major Food Group managing partner Jeff Zalaznick in front of 37 Hudson Yards (Major Food Group, Google Maps)
Major Food Group bringing members club to Hudson Yards
Major Food Group bringing members club to Hudson Yards
A photo illustration of self-storage units (iStock)
Self storage still rising after pandemic surge
Self storage still rising after pandemic surge
arrow_forward_ios

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

Loading...