NYC’s 10 biggest office leases signed in November DC law firm Hogan Lovells took the most space last month in 206,720-square-foot deal
From left: Steve Immelt, 390 Madison, 787 Eleventh Avenue (credit: 787 Eleventh Avenue) and Bill Ackman
What the office market lacked in blockbuster transactions in November it made up for in tenant diversity, with everything from a millennial mommy blog to an affordable housing investor taking space in this month s top 10 leases list.
1) They can’t all go to Hudson Yards – 206,750 square feet
Although they first considered taking space at Hudson Yards, the D.C.-based law firm Hogan Lovells inked a lease at 390 Madison Avenue last month, a space nearly double the size of its current New York HQ at 875 Third Avenue. The law firm will take floors seven through twelve at the building, which is owned by the New York State Common Retirement Fund and Clarion Partners. Hogan Lovells won’t be moving there just yet, however. The building is not expected to be complete until sometime in 2018. L+L Holding Co. is leading the renovation and marketing of the property.
2) Don’t bet against Ackman at 787 Eleventh Avenue – 67,000 square feet
Pershing Square Capital Management, an investment vehicle of the Herbalife short-selling billionaire Bill Ackman, signed a 67,000-square-foot lease at 787 Eleventh Avenue on the Far West Side. Pershing is also an ownership partner in the redevelopment of the former Ford Motor Company building, alongside Georgetown Company. A CBRE team lead上海千花社区