Simpson Thacher Signs 916,000-Square-Foot NYC Office Lease, Leading June's Top 10
Updated
Updated · The Real Deal · Jul 6
Simpson Thacher Signs 916,000-Square-Foot NYC Office Lease, Leading June's Top 10
1 articles · Updated · The Real Deal · Jul 6
Summary
916,000 square feet at 570 Fifth Avenue gave Simpson Thacher & Bartlett the largest New York City office lease signed in June, far above the rest of the month's top deals.
The Plaza District transaction nearly reached 1 million square feet and exceeded the roughly 700,000 square feet the law firm had reportedly been discussing; CBRE represented the tenant and Extell Development is the landlord.
411,000 square feet was the next-biggest June lease, with Google renewing at 315 Hudson Street, followed by Brooklyn Defender Services signing 212,000 square feet at 422 Fulton Street.
Law firms remained a major driver of leasing activity: Alston & Bird took 170,000 square feet, Fenwick & West renewed 73,000 square feet and expanded by nearly 20,000, and London Fischer signed 58,000 square feet.