Commercial real estate in New York City saw plenty of changes this past week. Staples of Wall Street announced planned office moves to midtown and up and coming office providers signed more leases to expand their footprint even wider. Check out the details of this weeks most notable commercial real estate deals below.
Deutsche Bank has signed a 1.1 million square-foot lease at the Time Warner Center. The bank plans to relocate its headquarters from Wall Street to midtown in the third quarter of 2021. The move will reduce the banks footprint in NYC by over 30%, Deutsche bank currently occupies 1.6 million square-feet.
Borough of Manhattan Community College
BMCC will be increasing its footprint by 78,000 square-feet at 255 Greenwich Street. BMCC already occupied floors 10 through 14 and part of the second floor. This deal will add the entire third floor to BMCC’s footprint.
Office provider Knotel is expanding yet again, signing a deal for 23,000 square-feet at 31 West 27th Street. Knotel signed a 7 year lease for both the 4th and 10th floors.
The global quantitative investment adviser, has renewed their lease at 369 Lexington Avenue and has added an additional 4,000 square-feet onto their footprint.
Pillsbury Winthrop Shaw Pittman
Law firm, Pilsbury Winthrop Shaw Pittman, has inked a lease for 88,503 square-feet at 31 West 52nd Street. Pilsbury will be occupying the top 4 floors of the 29 story building.