Brookfield Leases 144K SF at Two Manhattan West to Law Firm
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Two Manhattan West with Brookfield’s Ben Brown and Clifford Chance’s Evan Cohen (Brookfield Qualities, Clifford Probability)
One particular of the world’s greatest law corporations is going into Brookfield Properties’ Two Manhattan West, significantly less than a person 12 months in advance of its scheduled completion.
Intercontinental law business Clifford Likelihood is leasing 144,000 square ft at the Hudson Yards office environment house, Brookfield declared on Wednesday. Financial conditions of the very long-phrase lease ended up not disclosed.
Clifford Possibility will occupy flooring 39 to 42 in the 58-tale, 1.9 million-square-foot skyscraper, which is slated to be completed early upcoming yr. The corporation will transfer about 500 employees from Midtown to Two Manhattan West in 2024.
Tenant amenities consist of a 3,200-square-foot landscaped terrace, bicycle storage, convention facilities and a fitness and wellness heart.
A CBRE crew together with Stuart Eisenkraft and Chris Hogan represented the regulation business in the lease negotiations. Cushman & Wakefield’s Howard Cross and Nicholas Dysenchuk have been between all those representing Brookfield.
Litigation will provide some solid elevator discussions at Two Manhattan West, as Clifford Likelihood is not the only law company going in. Cravath Swaine & Moore signed a time period sheet with the landlord in 2019, agreeing to take 350,000 square ft.
Around that similar time, Amazon was reportedly weighing area at Two Manhattan West, seeking for additional than 100,000 square feet. No deal ever materialized, even though.
Brookfield filed its options for Two Manhattan West in 2017, marking one particular of the very last planned for the five-creating Manhattan West sophisticated. It was originally slated to be done this 12 months, but is as an alternative set to open its doors upcoming calendar year.
The landlord is also producing huge moves close by at Just one Manhattan West. Blackstone Genuine Estate before this 12 months acquired a 49 per cent stake from Brookfield and the Qatar Expense Authority, valuing the 67-story office creating at $2.85 billion. The 2.1 million-square-foot office tower was 94 percent leased as of an August 2020 refinancing.
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