Lease Deals of the Week: Everything’s Coming Up Milstein
The top five leases in New York City from May 13 to May 17
By The Editors May 17, 2024 10:00 am
reprints
For this week’s top deals, “Everything’s coming up Milhouse Milstein!”
Milstein Properties secured three of the top five leases in the city this week at 22 Vanderbilt, including Bain & Company’s giant 235,200-square-foot relocation to the property. But it wasn’t only Milstein getting the glory this week, with RXR moving to a direct deal for Palantir Technologies’ 140,345 square feet at 620 Avenue of the Americas, space it used to lease from WeWork.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| Bain & Company | 235,200 | 22 Vanderbilt | Relocation | Milstein Properties | Landlord: CBRE's Paul Amrich, Neil King, Jeffrey Fischer, Sacha Zarba and Meghan Allen; Brookfiled Properties' Duncan McCuaig, David Caperna and P.J. Massey. Tenant: CBRE's John Maher, Chris Corrinet and Paul Myers | Office |
| Palantir Technologies | 140,345 | 620 Avenue of the Americas | New | RXR | Landlord: N/A. Tenant: Newmark’s Michael Morris and Raise Commercial Real Estate’s Michael Iino | Office |
| Trade Desk | 126,000 | 1114 Avenue of the Americas | Expansion | Brookfield Properties | Landlord: Brookfield's Duncan McCuaig, Mikael Nahmias, Hayley Shoener and P.J. Massey. Tenant: Cushman & Wakefield's Ethan Silverstein, Anthony LoPresti, Connor Daugstrup and Carlo Brignardello | Office |
| Duane Morris | 80,000 | 22 Vanderbilt | Relocation | Milstein Properties | Landlord: CBRE's Paul Amrich, Neil King, Jeffrey Fischer, Sacha Zarba and Meghan Allen; Brookfiled's Duncan McCuaig, David Caperna and P.J. Massey. Tenant: CBRE's Bill Iacovelli and Conor Denihan | Office |
| TD Securities | 80,000 | 22 Vanderbilt | Relocation | Milstein Properties | Landlord: CBRE's Paul Amrich, Neil King, Jeffrey Fischer, Sacha Zarba and Meghan Allen; Brookfiled's Duncan McCuaig, David Caperna and P.J. Massey. Tenant: CBRE's Ryan Alexander, Matthew Saker and Nicole Marshall | Office |
Lease Deals of the Week reflect leases closed or announced from May 13 to May 17. Information on leases can be sent to editorial@commercialobserver.com.
1114 Avenue Of The Americas, 22 Vanderbilt Avenue, 620 Avenue of the Americas, Deals of the Week, Grace Building, Brookfield Properties, Milstein Properties, RXR
