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Deals & Dealmakers

Entertainment lawyers take 57,000 s/f at 28 Liberty Street

Fosun Hive Holdings announced that Frankfurt Kurnit Klein & Selz PC has leased 57,221 s/f of office space at 28 Liberty Street, the landmarked office tower in Lower Manhattan.

The entertainment and arts-focused law firm is relocating from 488 Madison Avenue in Midtown into the 35th and 36th floors at 28 Liberty in a long-term lease.

“28 Liberty is a world-class office tower standing at the center of a thriving live-work-play neighborhood, and it offers superior office space, dynamic new retail and exciting cultural and community events to the public here,” said Bo Wei, chief executive representative of Fosun International in the U.S. and Vice President of Fosun Hive.

Fosun’s managing director Thomas Costanzo, and associate Isabella Chen, represented the property owner in the transaction. Also representing the property owner were JLL’s Peter Riguardi, chairman and president of the tri-state region; Mitch Konsker, vice chairman; John Wheeler, Michael Berman and Daniel Turkewitz, managing directors; and Eliza Akers, associate. Mitchell Barnett, vice chairman, and Barry Zeller, executive managing director, with Cushman & Wakefield Inc. represented Frankfurt Kurnit.

“Frankfurt Kurnit was looking to expand its offices at a high-end trophy office building that matched its international reputation,” said Wheeler. “Fosun’s comprehensive, $180 million redevelopment of the iconic property created a dynamic environment that is perfect for world-class organizations such as Frankfurt Kurnit.”

Fosun has made a long-term commitment to renovate the 60-story, 2.2 million-square-foot class-A office tower while further connecting it to residents and workers in Lower Manhattan. In addition to building improvements, the company has initiated a series of community events, including a summer movie series and Dine Around Downtown. 28 Liberty’s retail project will create new glass facades at street level to engage pedestrian traffic for some 200,000 square feet of new retail space below.

Originally One Chase Manhattan Plaza, 28 Liberty was designed by Gordon Bunshaft, and was once the headquarters of Chase Manhattan Bank. The building’s plaza was designated a landmark in 2009.

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