The Real Deal New York

The top 10 NYC office leases in March

JPMorgan Chase signed the biggest deal, with a 437K sf lease at 390 Madison
By Ashley McHugh-Chiappone | April 06, 2018 02:30PM

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.