Market Trend: Select Top Five New York City Office Leases Signed in Q4 2013
February 28, 2014


The select top office lease signed during the fourth quarter of 2013 in the New York City market was at Shearson Lehman Plaza in the Tribeca submarket. Morgan Stanley Smith Barney LLC renewed its 1.87 million-square-foot lease there, represented by CBRE. SL Green Realty Corp. represented the landlord.

Citigroup Global Markets, Inc. renewed its 764,718-square-foot lease at 390 Greenwich St. in the Tribeca submarket. SL Green Realty Corp. represented the landlord, while CBRE represented the tenant.

GroupM Worldwide signed a lease for 515,457 square feet at 3 World Trade Center in the World Trade Center submarket. CBRE represented both the landlord and the tenant.

CME Group, Inc. leased 449,000 square feet at World Finance Center - NYMEX in the World Trade Center submarket. Newmark Grub Knight Frank represented the tenant.

Jones Day inked a 330,210-square-foot lease at 250 Vesey St. in the World Trade Center submarket. Brookfield Office Properties, Inc. represented the landlord, while Studley represented the tenant.

This trend is compared to the U.S. National Office select largest new lease signings occurring in Q4 2013, which include the 515,457-square-foot deal signed by GroupM Worldwide at 3 World Trade Center in the New York City market; CME Group, Inc.'s 449,000-square-foot office lease at the World Finance Center - NYMEX building; Valean Pharmaceuticals International, Inc. taking 310,000 square feet in the Northern New Jersey market; Cogo, Inc.'s lease of 234,484 square feet and Zebra Technologies Corp. leasing 233,286 square feet, both in the Chicago market.

Market Trend: Select Top Five New York City Office Leases Signed in Q4 2013




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