These were NYC’s top office leases in April

By Lucas McGill | May 03, 2019 08:00AM

From left: 4 Times Square, 460 West 34th Street, and 66 Hudson Boulevard 

From left: 4 Times Square, 460 West 34th Street, and 66 Hudson Boulevard

UPDATED, May 6, 11:28 a.m.: Netflix is expanding in New York City in a big way, securing two of the top spots on list of Aprils’ biggest office leases. The rest of the list is made up of some familiar faces, including banks and financial firms.

All in all, April’s top office leases made up more square footage than March’s. The top 10 office lease deals totaled 1.4 million square feet, more than double March’s top 10 leases, which totaled 637,000 square feet. However, the total doesn’t quite measure up to the top ten office leases of April, 2018, which totaled about 1.9 million square feet.

1) BMO Capital Markets, 4 Times Square, Times Square – 215,000 square feet

The investment banking firm inked a 15-year lease for the last 215,000 square feet of Conde Nast’s old space at 4 Times Square. Joseph Cabrera, David Glassman, Timothy Kuhn and Brendan Cavender of Colliers International represented the tenant. The building’s landlord is Durst Organization. BMO is planning a trading floor in the building, which already houses stock exchange company Nasdaq’s headquarters.

2) First Republic Bank, 460 West 34th Street, Hudson Yards – 211,521 square feet

The bank signed a lease for 211,521 square feet of space at 460 West 34th Street, landlord SL Green Realty’s first major foray into Hudson Yards. Frank Doyle, David Kleiner, Betsy Buckley and Ellen Grace of JLL represented the tenant while Brian Waterman, Scott Klau and Erik Harris of Newmark Knight Frank represented SL Green.

3) AllianceBernstein, 66 Hudson Boulevard, Hudson Yards – 189,000 square feet

The investment management firm inked a 20-year lease for 189,000 square feet of space in The Spiral after announcing that its headquarters would be moving to Nashville last year. Neil Goldmacher, Jared Horowitz and Brian Goldman of Newmark Knight Frank represented the tenant. The building’s landlord is Tishman Speyer.

4) CBS, 28 East 28th Street, Nomad – 164,000 square feet

The television network inked a 15-year lease for 164,000 square feet of space at 28 East 28th Street. Facebook was eyeing a move to the building last year, but ultimately passed. Mark Boisi, Bryan Boisi and Richard Bernstein of Cushman & Wakefield represented the tenant, while an in-house George Comfort & Sons team of Peter Duncan, Matt Coudert and Alex Bermingham represented the landlords, George Comfort & Sons, Jamestown Properties and Loeb Partners Real Estate.

5) Netflix, 333 Johnson Avenue, East Williamsburg – 161,000 square feet

In the larger of two deals, the streaming giant behind “Orange is the New Black,” “Unbreakable Kimmy Schmidt,” and “Russian Doll” inked a lease for 161,000 square feet of space at 333 Johnson Avenue. Six sound stages are planned for the space. Steven Rotter and Mike Berg of JLL represented the tenant. The building’s landlord is Steel Equities.

6) Yext, 61 Ninth Avenue, Chelsea – 142,500 square feet

The online brand management company inked a sublease for 142,500 square feet of space at 61 Ninth Avenue. Neil Goldmacher and John Moran of Newmark Knight Frank represented the tenant while Erik Harris and Scott Klau of Newmark Knight Frank represented the sublandlord, Aetna, which abandoned the space after its acquisition by CVS Health Group.

7) FDIC, 350 Fifth Avenue, Garment District – 119,226 square feet

The corporation renewed its lease for 119,226 square feet of space at the Empire State Building. The original 10-year lease was first signed in 2009. The building’s landlord is Empire State Realty Trust.

8) Netflix, 888 Broadway, Flatiron – 100,000 square feet

Netflix also signed a lease for 100,000 square feet of space at 888 Broadway. The space will serve as corporate offices for the streaming giant. Timothy Hay, Robert Hill, Jared Isaacson and Sacha Zarba of CBRE represented the tenant while Neil King and Paul Amrich of CBRE represented the landlord, Normandy Real Estate Partners.

9) SCOR, 26 Nassau Street, Financial District – 75,000 square feet

The reinsurance company signed a lease for 75,000 square feet of space at 26 Nassau Street. Merrill Roth of Newmark Knight Frank represented the tenant while Eliza Akers, Daniel Turkewitz, Michael Berman, John Wheeler, Mitchell Konsker, Peter Riguardi and Thomas Costanzo of JLL represented the landlord, Fosun International.

10) Med Review, 199 Water Street, Financial District – 72,000 square feet

The health care service provider renewed and expanded its lease for 72,000 square feet of space at 199 Water Street. Mark Ravesloot and Bill Iacovelli of CBRE represented the tenant while an in-house team of Brett Greenberg and Adam Rappaport represented the landlord, Jack Resnick & Sons, alongside a Cushman & Wakefield team of John Cefaly, Robert Constable, Ethan Silverstein, Stephen Bellwood and Myles Fennon.