U.S. audit, tax and advisory agency KPMG is relocating its NYC headquarters at 345 Park Ave., in addition to its places of work at 560 Lexington Ave. and 1350 Sixth Ave., to Two Manhattan West, a 2 million-square-foot tower in Midtown Manhattan. The 58-story tower is slated for completion in 2023.
KPMG has signed a 450,000-square-foot lease with landlord Brookfield Properties. This transaction marks the most important workplace deal of its variety in New York Metropolis in 2022.
KMPG was represented by Michael Geoghegan, Lewis Miller, Joseph Cabrera, Douglas Lehman and Cara Chayet of CBRE. Brookfield Properties was represented in-house by Jeremiah Larkin, Duncan McCuaig, Mikael Nahmias, PJ Massey and Dave Caperna, in addition to a Cushman & Wakefield workforce which included Bruce Mosler, Josh Kuriloff, Rob Lowe, Ethan Silverstein, Matthias Li and Nicholas Dysenchuk.
A brand new workplace high-rise in Midtown Manhattan
In accordance with CommercialEdge information, the tower is topic to a $140 million mortgage originated by Manufactures and Merchants Belief Co., and to a 36-year PILOT floor lease held by New York Metropolis Industrial Growth Company, expiring in 2056.
Designed by Skidmore, Owings & Merrill, the workplace high-rise topped out in early 2022. Two Manhattan West is focusing on LEED Gold designation and options energy-efficient design, sustainable supplies and stormwater harvesting and recycling, amongst others. Floorplates vary between 31,901 and 38,482 sq. toes. Different tenants within the constructing embrace Cravath, Swaine & Moore, its anchor tenant since 2019, with 481,000 sq. toes, and Clifford Likelihood, which signed in 2022 for 144,000 sq. toes. At present, Two Manhattan West is 56 % leased.
Situated at 389 ninth Ave., the workplace tower is a part of a 7 million-square-foot mixed-used improvement which incorporates One Manhattan, 5 Manhattan and Manhattan West retail. The placement supplies easy accessibility to Moynihan Practice Corridor, Penn Station, Excessive Line, in addition to The Shed and Madison Sq. Backyard.
Brookfield Properties inked one other lease in Manhattan in the previous couple of months, aside from Clifford Likelihood, which signed in June to occupy flooring 39 by 42. Macquarie Group signed as anchor tenant to 660 Fifth Ave., the place it should occupy 221,764 sq. toes throughout six flooring.
