This week New York City saw one of the largest leases so far in 2024, with American Eagle Outfitters signing on for 338,085 square feet to relocate its headquarters to 63 Madison Avenue. The deals fall sharply in size from that, with the next biggest being City Winery’s 14,600-square-foot expansion at Pier 57.
Tenant
Sq. Feet
Address
Type
Landlord
Brokers
Asset
338,085
63 Madison Avenue
Relocation
George Comfort & Sons, Jamestown, Loeb Partners Realty and CBS (sublandlord)
Landlord: George Comfort’s Peter Duncan, Matthew Coudert and Alex Birmingham. Cushman & Wakefield’s Mark Boisis (sublandlord). Tenant: Savillls’ Mitti Libersohn, David Goldstein, Anna Erickson, Nate Brzozowski and William Demuth
Office
14,600
Pier 57
Expansion
Hudson River Park Trust, RXR, Youngwoo & Associates and Jamestown
Landlord: RXR’s William Elder. Tenant: Lee & Associates NYC’s Peter Braus
Retail
10,800
366 Fifth Avenue
Relocation
Joseph P. Day
Landlord: Colliers’ Michael Joseph, Aidan Campbell and Jordy Elardo. Tenant: Newmark’s Brian Waterman, Lance Korman and David Waterman
Office
8,465
99 Park Avenue
Renewal
Global Holdings Management Group
Landlord: Global Holdings’ Craig Panzirer. Tenant: Savills’ Shay Bolton, James Wenk, Alex Redlus and Kirill Azovtsev
7,900
1245 Broadway
New
GDS Development Management and Corem
Landlord: Tungsten Property’s Frank Reiser. Tenant: ManageRE’s Navin Bhutani and Brand Urban’s Alexandra Yanoff
Retail
Lease Deals of the Week reflect leases closed or announced from April 29 to May 3. Information on leases can be sent to editorial@commercialobserver.com.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, off market, investment sales, Commercial Real Estate, Commercial Observer
Read MoreChannel, Leases, 366 Fifth Avenue, 63 Madison Avenue, 99 Park Avenue, Deals of the Week, Pier 57, New York City, CBS, George Comfort & Sons, Global Holdings Management Group, Hudson River Park Trust, Jamestown, Joseph P. Day Realty, Loeb Partners Realty, RXR Commercial Observer