Real Estate Weekly
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Northwestern Mutal leases 91,000 s/f at Liberty Street

The financial giant is expanding at 200 Liberty Street in Brookfield Properties.

JLL has completed a new transaction for Northwestern Mutual at 200 Liberty Street with building owner Brookfield Properties.

The financial security company signed a lease for 91,217 s/f at the Class A, 1.74 million-square-foot office building.

The tenant was represented by Scott Vinett, executive vice president, with JLL, along with Chris Joyner, executive vice president, and Andrew Hegmann, senior vice president, both with Fischer & Co.

Brookfield Properties was represented in-house by Mikael Nahmias, senior vice president, and by Paul N. Glickman, vice chairman, and John Wheeler, managing director, both with JLL.

“Northwestern Mutual’s business is thriving and the financial company was looking for a larger office to accommodate its Manhattan staff,” said Vinett.

“They decided on Brookfield Place, as it is an amenity-rich complex with quality ownership that fosters a superior tenant experience.”

Northwestern Mutual signed a 10-year lease for 91,217 s/f of office space and will occupy the entire 30th to 32nd floors at 200 Liberty Street, which is located in Lower Manhattan between West Street and South End Avenue.

The 40-story 200 Liberty Street was designed by Cesar Pelli & Associates Architects and constructed in 1986.

The building is the southernmost tower of the Cesar Pelli designed Brookfield Place, home to luxury retail, dining, public space and world-class amenities.

The property offers 180-degree views of New York harbor and its infrastructure meets U.S. Green Building Council standards for Leadership in Energy and Environmental Design Gold Certification for Existing Building Operations.

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