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Deals & Dealmakers

NYCEDC signs 222,137 s/f lease at Brookfield’s One Liberty Plaza

The New York City Economic Development Corporation (NYCEDC) has signed a 20-year, 222,137-square-foot lease at Brookfield’s One Liberty Plaza in Lower Manhattan.

The lease is for NYCEDC and the the New York City Department of Small Business Services. The two agencies will occupy floors ten to 14 of the 54-story tower.

“Brookfield is excited to welcome the New York City Economic Development Corporation and Department of Small Business Services to One Liberty Plaza,” said David Cheikin, the executive vice president of Brookfield Property Partners’ New York Office. “This year, top firms in media, technology, finance, and arts have signed leases totaling more than 600,000 square feet at One Liberty Plaza, far outpacing the Lower Manhattan submarket and bringing the building’s occupancy to nearly 95 percent.”

One Liberty Plaza, located at 165 Broadway, is a 2.3 million s/f property just across from 4 World Trade Center and Zucotti Park. The biggest tenant in the property is insurance firm Aon, which signed an expansion lease last August to bring its total footprint in the building to 240,000 s/f. Other tenants include cosmetics company New Avon and media outlet Business Insider.

NYCEDC is moving from 110 William Street in Lower Manhattan. The deal brings One Liberty Plaza’s occupancy rate to 95 percent.

NYCEDC was represented by NGKF’s Neil L. Goldmacher, Christopher Mongeluzo and Howard Kesseler. Brookfield was represented in-house by Mikael Nahmias and by Pete Shimkin, Hal Stein and NGKF’s David Falk.


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