Brookfield Properties and Fried, Frank, Harris, Shriver & Jacobson LLP (Fried Frank) announced the global law firm has signed a long-term lease renewal for its 400,000 s/f office at One New York Plaza.
Since the onset of the pandemic, this is the largest office lease in Lower Manhattan and the largest 10+ year deal in New York City this year.
“Brookfield is committed to the success of New York City and Lower Manhattan, and we are thrilled that Fried Frank will continue to make the neighborhood its home. This deal is the largest Downtown since the start of the pandemic, an unmistakable sign of New York City’s recovery and resurgence,” said Callie Haines, Executive Vice President and Head of New York, Brookfield Properties.
Fried Frank and its predecessors have maintained a presence in Lower Manhattan since its founding in the late 1890s. One New York Plaza’s location is in close proximity to many of the firm’s clients and provides access to all of the amenities of working Downtown, including historic landmarks, waterfront views, Battery Park, restaurants, and more.
Fried Frank is working with architecture firm Gensler to enhance features of its One New York Plaza office.
“We are thrilled to remain at One New York Plaza,” said David J. Greenwald, Chairman of Fried Frank. “This is the beginning of another exciting chapter for us as we look forward to contributing to the City’s ongoing revitalization post-pandemic, our Firm’s continued growth and working with our clients on their most complex matters.”
“The Firm’s downtown location is a stunning space where our attorneys collaborate on important deals while remaining connected to the pulse of the City,” said Fried Frank Real Estate Department Chairman Jonathan L. Mechanic. “This lease renewal is further proof of our commitment to the City’s successful comeback and recovery.”
One New York Plaza is a 50-story commercial tower offering unobstructed, panoramic views. The 2.6-million-square foot square foot building features a recently renovated fitness center and retail concourse with dining and shops and a newly designed lobby. One New York Plaza is located steps from 13 subway lines, the Staten Island and New York City ferries as well as heliport transportation. Brookfield Properties’ North American portfolio, including One New York Plaza, achieved the 2021 WELL Health- Safety rating in addition to the BOMA 360 and Energy Star certification.
Fried Frank was represented by CBRE’s Steve Siegel, Craig Reicher, Tim Dempsey, Ramneek Rikhy, and Ariel Ball. Fried Frank partners Jennifer A. Yashar, Jonathan L. Mechanic, and Meyer Last worked on the deal. Brookfield was represented by Jeremiah Larkin, Mikael Nahmias, and Hayley Shoener.