August 10, 2022

Pullman-BLN

Legal With Effect

Brookfield Leases 144K SF at Two Manhattan West to Law Firm

Two Manhattan West with Brookfield’s Ben Brown and Clifford Chance’s Evan Cohen (Brookfield Homes, Clifford Possibility)

A single of the world’s largest regulation firms is shifting into Brookfield Properties’ Two Manhattan West, less than one particular yr forward of its scheduled completion.

Intercontinental law agency Clifford Opportunity is leasing 144,000 sq. feet at the Hudson Yards place of work residence, Brookfield declared on Wednesday. Financial phrases of the very long-term lease were not disclosed.

Clifford Chance will occupy floors 39 to 42 in the 58-tale, 1.9 million-sq.-foot skyscraper, which is slated to be completed early subsequent yr. The organization will shift about 500 personnel from Midtown to Two Manhattan West in 2024.

Tenant amenities involve a 3,200-square-foot landscaped terrace, bike storage, convention centers and a conditioning and wellness center.

A CBRE crew such as Stuart Eisenkraft and Chris Hogan represented the law organization in the lease negotiations. Cushman & Wakefield’s Howard Cross and Nicholas Dysenchuk were amid these symbolizing Brookfield.

Litigation will present some solid elevator discussions at Two Manhattan West, as Clifford Chance isn’t the only regulation firm going in. Cravath Swaine & Moore signed a time period sheet with the landlord in 2019, agreeing to take 350,000 square ft.

All-around that similar time, Amazon was reportedly weighing room at Two Manhattan West, looking for additional than 100,000 square toes. No offer at any time materialized, though.

Brookfield submitted its designs for Two Manhattan West in 2017, marking a single of the very last prepared for the five-creating Manhattan West advanced. It was initially slated to be accomplished this year, but is in its place established to open its doorways future year.

The landlord is also earning significant moves nearby at One Manhattan West. Blackstone True Estate earlier this 12 months obtained a 49 per cent stake from Brookfield and the Qatar Investment Authority, valuing the 67-story office developing at $2.85 billion. The 2.1 million-sq.-foot office tower was 94 p.c leased as of an August 2020 refinancing.