Amazon, JP Morgan Close to Signing Monster-Sized Deals at Manhattan West
By Lauren Elkies Schram April 19, 2017 4:12 pmreprints
J.P. Morgan Chase and Amazon are both weighing deals for at least 300,000 square feet of office space at 5 Manhattan West, Commercial Observer has learned.
The bank, which has occupied 125,000 square feet in the building since 2015, is considering taking an additional 300,000 square feet there—or the top three floors—for its financial technology arm, also known as FinTech, a source with knowledge of the deal said.
Meanwhile, Amazon is mulling 350,000 square feet for offices in 5 Manhattan West, a 16-story, 1.8-million-square-foot office building at 450 West 33rd Street. The office asking rent in the building is in the $90s per square foot, the source said.
Recently Whole Foods Market signed a retail lease for 60,000 square feet at the property. And in early March, Brookfield announced the opening and leasing launch of The Eugene, a 62-story residential tower at Manhattan West, which is an eight-acre, six-building mixed-use development stretching from Ninth to 10th Avenues and West 31st to West 33rd Streets. It marks the first new building to open at the mixed-use project.
Cushman & Wakefield’s Bruce Mosler is handling office leasing at the property. He didn’t respond to a request for comment.
Landlord Brookfield Property Partners declined to comment via a spokesman as did a spokeswoman for J.P. Morgan. Amazon didn’t immediately respond to a request for comment.