Jones Day has signed a 20-year, 330,210-square-foot lease for floors 27 through 34 of Brookfield Place, located at 250 Vesey Street, in a transaction brokered by Studley, the leading global commercial real estate services firm specializing in tenant representation.
Jones Day currently occupies 425,000-square-feet across three separate locations originated by Studley. The firm outgrew its headquarters at 222 East 41st Street, and eventually expanded to 605 Third Avenue and 220 East 42nd Street. The firm plans to move into the new space in 2016.
Jones Day once again turned to Studley, seeking new opportunities to increase their commercial real estate efficiency, provide a new, dynamic workspace and ultimately produce superior business economics.
Studley’s Chairman and Chief Executive Officer Mitchell Steir, along with Executive Vice President David Goldstein, Executive Vice President Matthew Barlow, Corporate Managing Director Jason Perla and Senior Vice President L. Stanton Towne, represented Jones Day in the leasing transaction. Jerry Larkin and David Cheikin of Brookfield Office Properties represented the landlord.
Leading the transaction, Steir noted the business implications associated with the law firm’s move saying, “By moving to Brookfield Place, Jones Day will be in the heart of New York’s dramatically changed Downtown. The premium space allows Jones Day to occupy eight contiguous floors at the top of the complex and provides access to ample amenities, transportation and housing.”
Located on the Hudson River waterfront, Brookfield Place offers 7 million square feet of office space within four glass towers. "Jones Day's relocation to Brookfield Place represents another significant step forward in the continued evolution of Lower Manhattan and it wouldn't have been possible without the vision, professionalism and dedication of the Studley team." said Jerry Larkin, Senior Vice President, Director of Leasing for Brookfield Office Properties.
Jones Day is a global law firm with 40 offices in the major centers of business and finance throughout the world. The firm acts as principal outside counsel to, or provides significant legal representation for, approximately half of the Fortune 500, Fortune Global 500, and FT Global 500.