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 


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