Brookfield Lands Anchor Tenant at Manhattan Office Tower

2 min read

Macquarie Group has agreed to occupy six floors.

660 Fifth Avenue. Image courtesy of Brookfield Properties

Brookfield Properties has signed an anchor tenant to its Midtown Manhattan office redevelopment project, the company announced on Monday. Financial services giant Macquarie Group will occupy 221,764 square feet across six floors at 660 Fifth Ave., where it will establish its new Americas regional headquarters.

As anchor tenant, Macquarie’s new space will include a private lobby entrance on the first and second floors of the tower, as well as 30,000 square feet of private outdoor terraces. The firm will also have signage at the top of the building. Macquarie is slated to move to the new space from its current offices at 125 W. 55th St. in late 2024, according to the release.

The Australian firm’s long-term lease marks the first tenant signed at the 1.2 million-square-foot building, according to Brookfield. After purchasing the building in 2018, Brookfield is nearing completion on its $400 million redevelopment of the 39-story property, located on Fifth Avenue between 52nd and 53rd Streets in the Plaza District.

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Built in 1957, 660 Fifth’s original façade featured embossed aluminum panels that have been replaced with insulated glass panels as part of the redevelopment. According to Brookfield, the windows are the largest ever used on a commercial high-rise building.

Architecture firm Kohn Pederson Fox is behind the building’s reboot, which will also include an updated lobby, new rooftop terraces, updated elevators and mechanical systems, and new ground-floor retail space.

Mikael Nahmias, senior vice president at Brookfield Properties, said in prepared remarks that Macquarie’s lease “underscores the demand” for high-quality office properties in New York City.

A JLL team of Peter Riguardi, Frank Doyle, Joseph Messina, Steven Rotter, Cynthia Wasserberger, Jessica Berkey, William McGarry, Carlee Palmer and Kristina Kopans represented Macquarie in the lease deal. Brookfield was represented in-house by Nahamias, Hayley Shoener and PJ Massey, along with a Cushman & Wakefield team of Bruce Mosler, Josh Kuriloff, Ethan Silverstein, John Santora, Matthias Li, Nicholas Dysenchuk and Howard Cross.

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