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Amazon Leases 360000 Square Feet At 450 W 33rd St New York Represented By JLL

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LEASED

New York

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Office360,000 SF
Leased 09/21/2017
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Property Image
LEASED

Amazon Leases 360000 Square Feet At 450 W 33rd St New York Represented By JLL

450 W 33rd St, New York, NY, 10001

See Similar Deals
Office360,000 SF
Leased 09/21/2017
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:360,000 SF
Transaction Type:Lease

The property involved in this transaction is situated at 450 W 33rd St, New York, NY, 10001, within the New York market. The leased space measures 360,000 square feet and is part of the Brookfield Property Partners’ development known as 5 Manhattan West. The building consists of 16 stories and has a total square footage of 1.8 million. Amazon plans to occupy the sixth and seventh floors, in addition to sections of the eighth and tenth floors.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 450 W 33rd St, New York, NY, 10001
  • Tenant: Amazon
  • Landlord: Brookfield Property Partners
  • Tenant's Representative: Derek Trulson (JLL)
  • Landlord's Representative: Jeremiah (Jerry) Larkin
  • Square Feet: 360,000
  • Occupancy Rate After Transaction: 99 percent
  • Job Creation: 2,000 new jobs
  • Average Annual Earnings of Jobs: $100,000

The deal involved multiple representatives, with Amazon represented by JLL's Derek Trulson, Josh Stuart, Bill Peters, and Clay Nielsen. Brookfield Property Partners was represented in-house by Jeremiah Larkin, Duncan McCuaig, and Alex Liscio, along with assistance from a Cushman & Wakefield team that included Bruce Mosler, Josh Kuriloff, Rob Lowe, Ethan Silverstein, and Matthias Li. Negotiations for the lease commenced in April.

Players

Derek Trulson
4 deals
BROKER

Jeremiah (Jerry) Larkin
2 deals(212) 417-7000
BROKER

Amazon
TENANT

Details

LEASED
IMAGE: 450 W 33rd St, New York, NY, 10001 MARKET: New York TENANT'S REP: Derek Trulson(JLL) LANDLORD'S REP: Jeremiah (Jerry) Larkin() TENANT: Amazon LANDLORD: Brookfield Property Partn... Landlord SQUARE FEET: 360000

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Deal Type
Effective Rent (Annual)

$20,634,982.76

Total Lease Value

$206,349,827.61

Net Landlord Cash Flow$20,634,982.76