Brookfield Leases 144K SF at Two Manhattan West to Law Firm2 min read
Just one of the world’s most important regulation firms is shifting into Brookfield Properties’ Two Manhattan West, much less than 1 yr in advance of its scheduled completion.
International law organization Clifford Chance is leasing 144,000 square feet at the Hudson Yards office home, Brookfield declared on Wednesday. Money phrases of the prolonged-phrase lease were being not disclosed.
Clifford Opportunity will occupy flooring 39 to 42 in the 58-tale, 1.9 million-square-foot skyscraper, which is slated to be accomplished early up coming year. The business will move about 500 employees from Midtown to Two Manhattan West in 2024.
Tenant amenities include a 3,200-square-foot landscaped terrace, bicycle storage, conference facilities and a fitness and wellness centre.
A CBRE team such as Stuart Eisenkraft and Chris Hogan represented the law firm in the lease negotiations. Cushman & Wakefield’s Howard Cross and Nicholas Dysenchuk had been amid people symbolizing Brookfield.
Litigation will offer some solid elevator discussions at Two Manhattan West, as Clifford Chance isn’t the only legislation agency going in. Cravath Swaine & Moore signed a expression sheet with the landlord in 2019, agreeing to take 350,000 sq. ft.
All-around that exact same time, Amazon was reportedly weighing place at Two Manhattan West, looking for far more than 100,000 square toes. No offer at any time materialized, however.
Brookfield submitted its plans for Two Manhattan West in 2017, marking 1 of the very last prepared for the 5-constructing Manhattan West sophisticated. It was originally slated to be done this year, but is rather set to open its doorways upcoming calendar year.
The landlord is also producing major moves close by at Just one Manhattan West. Blackstone Serious Estate previously this calendar year acquired a 49 p.c stake from Brookfield and the Qatar Financial commitment Authority, valuing the 67-story office building at $2.85 billion. The 2.1 million-square-foot workplace tower was 94 per cent leased as of an August 2020 refinancing.