April 19, 2024

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Equality opinion

Brookfield Leases 144K SF at Two Manhattan West to Regulation Business

Two Manhattan West with Ben Brown and CEO of Clifford Chance Jeroen Plink (Brookfield Properties, Stanford University)

Two Manhattan West with Ben Brown and CEO of Clifford Probability Jeroen Plink (Brookfield Attributes, Stanford College)

Just one of the world’s major legislation companies is transferring into Brookfield Properties’ Two Manhattan West, considerably less than 1 yr in advance of its scheduled completion.

Intercontinental regulation agency Clifford Chance is leasing 144,000 square ft at the Hudson Yards office environment assets, Brookfield declared on Wednesday. Money phrases of the extended-time period lease were being not disclosed.

Clifford Prospect will occupy flooring 39 to 42 in the 58-tale, 1.9 million-sq.-foot skyscraper, which is slated to be done early up coming 12 months. The firm will shift about 500 personnel from Midtown to Two Manhattan West in 2024.

Tenant facilities include a 3,200-sq.-foot landscaped terrace, bike storage, convention centers and a physical fitness and wellness center.

A CBRE team like Stuart Eisenkraft and Chris Hogan represented the regulation business in the lease negotiations. Cushman & Wakefield’s Howard Cross and Nicholas Dysenchuk ended up amid all those symbolizing Brookfield.

Litigation will supply some good elevator conversations at Two Manhattan West, as Clifford Possibility is not the only legislation organization going in. Cravath Swaine & Moore signed a expression sheet with the landlord in 2019, agreeing to acquire 350,000 sq. toes.

Close to that exact time, Amazon was reportedly weighing area at Two Manhattan West, on the lookout for more than 100,000 square ft. No offer at any time materialized, while.

Brookfield submitted its programs for Two Manhattan West in 2017, marking a person of the past prepared for the 5-creating Manhattan West elaborate. It was initially slated to be concluded this calendar year, but is as an alternative set to open up its doorways subsequent yr.

The landlord is also earning huge moves close by at Just one Manhattan West. Blackstone Real Estate previously this yr obtained a 49 p.c stake from Brookfield and the Qatar Investment decision Authority, valuing the 67-tale workplace developing at $2.85 billion. The 2.1 million-square-foot business tower was 94 percent leased as of an August 2020 refinancing.