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
Seth Weissman, Financing
Urban Standard wants to rescue property owners from high interest rates
Urban Standard wants to rescue property owners from high interest rates
From left: Michael Dell with 25 Water Street, Alex Sapir with 261 Madison Avenue and Marc Holiday with One Madison Avenue (Getty, Edge Funds, Sapir Organization, SL Green)
Office properties (yes, office!) got Manhattan’s biggest December loans
Office properties (yes, office!) got Manhattan’s biggest December loans
Salim Assa with 15 West 55th Street
Troubled Midtown rental saga headed for a foreclosure finale
Troubled Midtown rental saga headed for a foreclosure finale
Atlas Hospitality Brokerage president Alan Reay (Atlas Hospitality Brokerage)
Listen: Inside the looming distress across the hotel market
Listen: Inside the looming distress across the hotel market
Businessman arguing with buildings
The bickering bros: Jemals escalate battle over portfolio
The bickering bros: Jemals escalate battle over portfolio
Vornado Realty Trust chairman Steve Roth and 401 Seventh Avenue (Getty, LoopNet, Vornado Realty Trust)
Vornado eyeing NYC’s casino sweepstakes
Vornado eyeing NYC’s casino sweepstakes
A photo illustration of The Artisan Hotel at 1501 W Sahara Ave in Las Vegas (Getty, LoopNet)
Las Vegas to get its first cannabis-friendly hotel
Las Vegas to get its first cannabis-friendly hotel
A photo illustration of Cineworld's CEO Mooky “Moshe” Greidinger (Getty)
Regal Cinemas to close 39 U.S. theaters following bankruptcy
Regal Cinemas to close 39 U.S. theaters following bankruptcy
arrow_forward_ios

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

Loading...