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Brookfield Properties Leases 8,100 SF Office Space At One Liberty Plaza In Financial District, Lower Manhattan

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LEASED
$55

New York

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Office8,100 SF
Leased 08/11/2023
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Property Image
LEASED

Brookfield Properties Leases 8,100 SF Office Space At One Liberty Plaza In Financial District, Lower Manhattan

165 Broadway

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Office8,100 SF
Leased 08/11/2023
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:8,100 SF
Transaction Type:Lease

The property involved in this lease transaction is located at 165 Broadway - One Liberty Plaza in the Financial District of Lower Manhattan. It is an office space with a total square footage of 8,100. The lease is being offered as a sub-lease by the sublandlord, Cleary Gottlieb Steen & Hamilton LLP, to the subtenant, JFB Legal. The lease term is set to be 8 years. The asking rent for this space is $55 per square foot.

Summary of transaction details

  • Property Type: Office
  • Asking Rent: $55/ft
  • Square Footage: 8,100
  • Address: 165 Broadway - One Liberty Plaza
  • Market: Financial District, Lower Manhattan
  • Landlord: Brookfield Properties
  • Sublandlord: Cleary Gottlieb Steen & Hamilton LLP
  • Subtenant: JFB Legal
  • Brokers: Adelaide Polsinelli & Lauren Curcio - Compass
  • Lease Type: Sub-lease
  • Lease Term: 8 years

The deal was facilitated by brokers Adelaide Polsinelli and Lauren Curcio from Compass. They played a key role in connecting the sublandlord and subtenant, helping negotiate the terms of the lease transaction. Their expertise in the Financial District market contributed to the successful conclusion of this deal.

Players

Adelaide Polsinelli
26 deals$285M volume(773) 350-8535
BROKER

Lauren Curcio
Compass
15 deals$14.9M volume(917) 370-9152
BROKER

Brookfield Properties
BROKERAGE

Details

LEASED
IMAGE: Lauren Curcio & Adelaide Polsinelli DATE: 08/11/2023 ADDRESS: 165 Broadway - One Liberty Plaza MARKET: Financial District, Lower Manhattan ASSET TYPE: Office LANDLORD: Brookfield Properties SUBLANDLORD: Cleary Gottlieb Steen & Hamilton LLP SUBTENANT: JFB Legal BROKERS: Adelaide Polsinelli (@CompassCommercialNewYork) & Lauren Curcio (@LaurCurcio) - Compass (@Compass) ASKING RENT: $55/ft ~ SF: 8,100 LEASE TYPE: Sub-lease LEASE TERM: 8 years

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Deal Type
Effective Rent (Annual)

$510,715.82

Total Lease Value

$5,107,158.23

Net Landlord Cash Flow$510,715.82