{"id":1004691310,"date":"2023-11-21T04:06:53","date_gmt":"2023-11-21T12:06:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004691310"},"modified":"2023-11-21T07:40:38","modified_gmt":"2023-11-21T15:40:38","slug":"brookfield-lands-74-ksf-tenant-at-manhattan-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/","title":{"rendered":"Brookfield Lands 74 KSF Tenant at Manhattan Tower"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img decoding=\"async\" alt=\"Two Manhattan West\" class=\"wp-block-jetpack-slideshow_image wp-image-1004691319\" data-id=\"1004691319\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/One-Manhattan-West-L-and-Two-Manhattan-West-R-e1700551080722.jpg?w=1024\"\/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Two Manhattan West will welcome its first tenants in early 2024. All images courtesy of Brookfield Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"4290\" height=\"3213\" alt=\"Two Manhattan West-With Charles Ray Sculpture\" class=\"wp-block-jetpack-slideshow_image wp-image-1004691316\" data-id=\"1004691316\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg 4290w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?resize=1536,1150 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-With-Charles-Ray-Sculpture.jpg?resize=2048,1534 2048w\" sizes=\"(max-width: 4290px) 100vw, 4290px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">A Charles Ray sculpture decorates the building&#8217;s entrance<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"8235\" height=\"5469\" alt=\"Two Manhattan West Lobby\" class=\"wp-block-jetpack-slideshow_image wp-image-1004691317\" data-id=\"1004691317\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg 8235w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?resize=300,199 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?resize=768,510 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?resize=1024,680 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?resize=1536,1020 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-Lobby-1.jpg?resize=2048,1360 2048w\" sizes=\"(max-width: 8235px) 100vw, 8235px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Two Manhattan West boasts an impressive lobby<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"8256\" height=\"5504\" alt=\"Two Manhattan West 31st St and ninth Ave\" class=\"wp-block-jetpack-slideshow_image wp-image-1004691318\" data-id=\"1004691318\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg 8256w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/Two-Manhattan-West-31st-St-and-9th-Ave.jpg?resize=2048,1365 2048w\" sizes=\"(max-width: 8256px) 100vw, 8256px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">The tower is at the intersection of 31st Street and Ninth Avenue<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Spanish bank <strong>BBVA <\/strong>will relocate its New York City headquarters to 74,000 square feet at Two Manhattan West, the 1.9 million-square-foot office tower owned by <strong>Brookfield Properties<\/strong>. <strong>JLL <\/strong>and <strong>Cushman &amp; Wakefield <\/strong>arranged the lease for the tenant, while the ownership had in-house representation.<\/p>\n<p>BBVA previously occupied 42,000 square feet at 1345 Sixth Ave., as reported by the <em>New York Post<\/em>. The bank will begin the moving process in late 2024 and occupy space on floors eight and nine at the 58-story high-rise.\u00a0<\/p>\n<hr \/>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/seeking-the-right-back-to-work-formula\/\">Creating a Winning Back-to-the-Office Formula<\/a><\/p>\n<hr \/>\n<p>Recently completed, Two Manhattan West will welcome its first tenants in the beginning of 2024. With the addition of BBVA, the building became 80 percent preleased. Other tenants include KPMG, Clifford Chance and D.E. Shaw Group.<\/p>\n<h2>One of Manhattan West&#8217;s four office towers<\/h2>\n<p>Two Manhattan West came online in July as one of the four office towers at Manhattan West, a 7.2 million-square-foot mixed-use neighborhood that is part of the Hudson Yards Redevelopment. The 8-acre project also includes a hotel, a residential building, 240,000 square feet of retail space and a 2-acre public plaza.<\/p>\n<p>Brookfield broke ground on the high-rise in 2019 without any commitment from an office tenant and obtained more than $1.9 billion in construction financing over the course of three years. The development <a href=\"https:\/\/www.commercialsearch.com\/news\/2-msf-nyc-tower-tops-out\/\">topped out<\/a> in 2022.<\/p>\n<p>Designed by <strong>Skidmore, Owings &amp; Merrill<\/strong>, the LEED Gold-certified building has floorplates ranging from 35,000 to 38,000 square feet and amenities such as fitness rooms, conference spaces and outdoor terraces.\u00a0Located at 389 Ninth Ave., on Manhattan\u2019s West Side, the building is one city block from Madison Square Garden and within walking distance of transportation hubs such as Penn Station and Moynihan Train Hall. \u00a0<strong>\u00a0<\/strong><\/p>\n<h2>Manhattan&#8217;s asking rate contracts<\/h2>\n<p>JLL Vice Chairman Joe Messina and Cushman &amp; Wakefield Executive Director Paul Ferraro negotiated on behalf of BBVA. Brookfield Properties was represented by its Executive Vice President Duncan McCuaig and Senior Vice President Mikael Nahmias, along with Vice President David Caperna and Associate Daniel Roberts.<\/p>\n<p>As of October, the vacancy rate in Manhattan registered a 2.8 percent year-over-year increase reaching 17.4 percent, being just slightly below the national average of 17.8 percent, according to <a href=\"https:\/\/www.commercialsearch.com\/news\/suburban-offices-embrace-amenities-and-change\/\">a recent CommercialEdge report<\/a>. Meanwhile, the borough remained the priciest market in the country with a listing rate of $70.71; however, the figure marked a 5.4 percent year-over-year drop.<\/p>","protected":false},"excerpt":{"rendered":"<p>An international bank will relocate to this recently completed high-rise.<\/p>\n","protected":false},"author":3120,"featured_media":1004691319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[47186,33497,32799,32796,32779,36182],"class_list":["post-1004691310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-bbva-usa","tag-brookfield-properties","tag-cushman-wakefield","tag-jll","tag-leed","tag-skidmore-owings-and-merrill"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brookfield Lands 74 KSF Tenant at Manhattan Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"BBVA will relocate its New York City headquarters to 74,000 square feet at Brookfield Properties&#039; Two Manhattan West.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Lands 74 KSF Tenant at Manhattan Tower\" \/>\n<meta property=\"og:description\" content=\"BBVA will relocate its New York City headquarters to 74,000 square feet at Brookfield Properties&#039; Two Manhattan West.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-21T12:06:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-21T15:40:38+00:00\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/One-Manhattan-West-L-and-Two-Manhattan-West-R-e1705582037915.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/\",\"name\":\"Brookfield Lands 74 KSF Tenant at Manhattan Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/One-Manhattan-West-L-and-Two-Manhattan-West-R-e1705582037915.jpg\",\"datePublished\":\"2023-11-21T12:06:53+00:00\",\"dateModified\":\"2023-11-21T15:40:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"BBVA will relocate its New York City headquarters to 74,000 square feet at Brookfield Properties' Two Manhattan West.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-74-ksf-tenant-at-manhattan-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/One-Manhattan-West-L-and-Two-Manhattan-West-R-e1705582037915.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/One-Manhattan-West-L-and-Two-Manhattan-West-R-e1705582037915.jpg\",\"width\":1200,\"height\":901,\"caption\":\"Brookfield owns the 7.2 million-square-foot Manhattan West development. 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