![\"Placeholder\"\/](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/10\/placeholder.png\")
<\/p>\nLaw firm Simpson, Thacher & Bartlett signed Manhattan’s largest office lease in May, taking most of the space in Extell Development\u2019s planned\u00a0Midtown office tower.<\/p>\n
<\/p>\n
\n Courtesy of KPF\n <\/p>\n
\n A rendering of Extell Development’s 570 Fifth Ave. project\n <\/p>\n
The law firm took 916K SF at Gary Barnett’s 570 Fifth Ave., a 29-story office and retail\u00a0tower under construction,\u00a0according to a lease agreement filed<\/a>\u00a0in the New York City Register.<\/p>\n The deal is roughly 200K SF bigger than what the law firm\u00a0was reportedly discussing last year<\/a>\u00a0at the building, which is partially owned by the investing arm of Ikea’s parent company and where the Swedish furniture giant\u00a0plans to open an 80K SF store<\/a>.<\/p>\n CBRE brokered the deal, Commercial Observer reported. Simpson Thacher, Extell and CBRE did not respond to requests for comment.<\/p>\n Simpson Thacher\u2019s deal was half a million square feet\u00a0larger than the next-biggest lease signed last month, Google\u2019s 410K SF renewal\u00a0at Jack Resnick & Sons\u2019 315 Hudson St., according to a monthly Manhattan office\u00a0report from Colliers<\/a>.<\/p>\n The lease comes as Gary Barnett’s firm kicks off work to\u00a0build the skyscraper, which involved piecing together an\u00a0assemblage made up of\u00a0more than a dozen properties. It is expected to deliver in 2028.<\/p>\n Extell\u00a0refinanced the project\u00a0in March\u00a0with a $417M loan from JPMorgan Chase,\u00a0The Real Deal reported<\/a>.<\/p>\n TOP LEASES<\/p>\n Brooklyn Defender Services signed\u00a0a 212K SF, 31-year lease for the remainder of the office space at Tishman Speyer\u2019s\u00a0office\u00a0development over the Macy’s store in Downtown Brooklyn. The 617K SF, 10-story property known as The Wheeler is now fully leased, the landlord announced. St. Francis College and Brooklyn Prospect are the other tenants in the building.<\/p>\n Megan Sheehan represented Tishman Speyer in-house alongside CBRE\u2019s Mary Ann Tighe, Joseph Cirone, Masha Dudelzak, Zachary Price and Gerry Miovski. Newmark\u2019s Jonathan Franzel and Ryan Gessin represented BDS, which is consolidating offices across the borough \u2014 including its main office at\u00a0177 Livingston St. \u2014 into the tower.<\/p>\n ***<\/p>\n Centerbridge Partners inked a 76K SF lease at Rudin\u2019s 1.9M SF office tower at 345 Park Ave., according to a release. The investment manager will relocate from its 47K SF space at 375 Park Ave. to the 22nd and 23rd floors of the 44-story tower for a 15-year period, moving in during Q2 2027. Centerbridge is taking over space formerly occupied by KPMG,\u00a0Crain\u2019s New York Business reported<\/a>.<\/p>\n ***<\/p>\n The commercial component of Witkoff and Access Real Estate\u2019s One High Line has been fully leased to one\u00a0tenant. Membership-based preventive healthcare practice Atria Health Institute signed a 52K SF deal for the five-story space connecting the luxury development\u2019s east and west towers. The facility, expected to open in 2027, will be Atria\u2019s second in New York following the 57K SF space it opened in 2022 at 432 Park Ave.\u00a0<\/p>\n ***<\/p>\n Ambassador Theatre Group took 19K SF at GFP Real Estate\u2019s 630 Ninth Ave. in a long-term lease extension that more than doubled its footprint in the 13-story, 275K SF building. CBRE\u2019s Rocco Laginestra represented ATG, and GFP\u2019s Matthew Mandell represented the landlord in-house.\u00a0<\/p>\n ***<\/p>\n Law firm Taft is\u00a0opening\u00a0a\u00a0New York office, signing a 17K SF lease at the Durst Organization\u2019s 1155 Sixth Ave., according to a release. The firm, which has more than 1,250 attorneys in 25 offices, plans to grow its New York headcount to more than 100 over the next five years. Other tenants in the 42-story tower include Perkins Coie, TransUnion and Global Relay. Tom Bow, Rocco Romeo and Nora Caliban represented the landlord in-house, while Colliers\u2019 Sheena Gohil, Andrew Urban and Jack Senske represented Taft.<\/p>\n TOP SALES<\/p>\n \n 47-15 34th Ave. in Astoria, acquired by Jade Century Properties this week for $31M\n <\/p>\n Jade Century Properties acquired the 23K SF building at 47-15 34th Ave. in Astoria for $31M\u00a0for a\u00a0likely development on the site of the single-story retail\u00a0center, PincusCo reported<\/a>. The sellers were Mi Song Park and Ashley Cho.\u00a0Jade Century\u00a0firm has three residential\u00a0properties\u00a0in Queens, according to its website<\/a>.<\/p>\n ***<\/p>\n Extell Development acquired 165 E. 56th St. from the American Jewish Committee for $39M,\u00a0according to a deed filed with the city. AJC owned the property\u00a0for more than 65 years, but it\u00a0now\u00a0plans to move its offices to a different location nearby as Extell\u00a0assembles a site for\u00a0a massive project on Park Avenue. CBRE\u2019s Daniel Kaplan, Doug Middleton and Justin Arzi represented AJC.<\/p>\n ***<\/p>\n Alchemy Properties paid $57M to the Calicchio family for a vacant, five-story Tribeca parking garage, Commercial Observer reported<\/a>. The family has owned the 60 N. Moore St. property since the 1980s. Alchemy is partnering with Daishin America and Takamatsu Construction Group USA to execute plans to redevelop the property\u00a0into a luxury condo building.<\/p>\n TOP FINANCING DEALS<\/p>\n \n 767 Third Ave., where Quantum Pacific Realty and MetroLoft are planning an office-to-resi conversion\n <\/p>\n Quantum Pacific Realty and MetroLoft scored a $169.5M construction loan to convert the 282K SF office building at 767 Third Ave. into a 337-unit residential building with 68K SF of retail space. BHI, the U.S branch of Tel Aviv-based Bank Hapoalim, provided the financing.<\/p>\n ***<\/p>\n Rockrose Development\u00a0landed\u00a0a $404M mortgage for its 479-unit luxury West\u00a0 Village residential building at 666 Greenwich St., with\u00a0Freddie Mac providing the financing through PNC Bank as seller-servicer. The landmarked, 11-story, full-block property was built in 1899 and was previously home to the U.S. Appraiser\u2019s Warehouse, according to Rockrose\u2019s website. Avison Young\u2019s Scott Singer, Andy Singer, Kevin Swartz and Kathleen McSharry arranged the financing for Rockrose, alongside the developer\u2019s Richard Brancato and Jim Lerro. PNC\u2019s Sean Gorman and Tom Podgorski led negotiations for the lender.<\/p>\n ***<\/p>\n S3 Capital originated a $131.5M construction loan to Edge Property Group for\u00a0a Washington Heights student housing project at 465 W. 165th St., Commercial Observer reported<\/a>. The property will contain 321 beds in 276 units. Institutional Property Advisors\u2019 Max Herzog and Eric Toddy led the team that negotiated the financing.<\/p>\n ***<\/p>\n<\/p>\n<\/p>\n