Brookfield in talks with law firm for huge spread at Two Manhattan West

While Amazon weighs a potential lease at the site, law firm Cravath Swaine & Moore has agreed to move in

New York /
May.May 29, 2019 09:00 AM
Two Manhattan West and Brookfield managing partner Ben Brown (Credit: Manhattan West NYC and Brookfield)

Two Manhattan West and Brookfield managing partner Ben Brown (Credit: Manhattan West NYC and Brookfield)

As Amazon eyes of Brookfield Property Partner’s Two Manhattan West, another tenant is closing in on 350,000 square feet at the building.

Cravath Swaine & Moore signed a term sheet with the landlord last month, and agreed this week on the deal at the almost 2 million-square-foot building, according to the New York Post. The law firm will almost halve its office footprint when it moves from its 617,000-square-foot space at 1 Worldwide Plaza at 825 Eighth Avenue.

The law firm is being represented by CBRE, and Brookfield by Cushman & Wakefield.

The 62-story tower is part of Brookfield’s 5.4 million square foot Manhattan West mixed-use development, for which it partnered with the Qatar Investment Authority. The developer is looking for a $1.4 billion construction loan to build Two Manhattan West.

After receiving interest from Amazon for a potential 100,000-square-foot space in the building, Brookfield is seeking nearly $80 million in real estate tax exemptions, The Real Deal reported Tuesday. [NYP] — David Jeans 


Related Articles

arrow_forward_ios
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
11 Penn Plaza and Apple CEO Tim Cook (VNO; Getty)

Apple snags more space at Vornado’s 11 Penn Plaza

Apple snags more space at Vornado’s 11 Penn Plaza
Amazon's Jeff Bezos, Google's Sundar Pichai and Facebook's Mark Zuckerberg (Getty, iStock)

Tech giants occupy nearly 600M-sf of US real estate

Tech giants occupy nearly 600M-sf of US real estate
arrow_forward_ios

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

Loading...