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Deloitte Secures 22-Year Office Lease At 70 Hudson Yards Represented By Joe Ucuzoglu

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LEASED

New York

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Office807,000 SF
Leased 01/28/2026
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Property Image
LEASED

Deloitte Secures 22-Year Office Lease At 70 Hudson Yards Represented By Joe Ucuzoglu

Hudson Yards

See Similar Deals
Office807,000 SF
Leased 01/28/2026
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:807,000 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 70 Hudson Yards in Manhattan. The lease covers an area of 807,000 square feet and has a lease term of nearly 22 years. Deloitte has agreed to pay over $2.6 billion for this significant lease, marking it as the highest-value office lease in New York City since the pandemic.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $2.6 billion
  • Lease Term: 22 years
  • Address: 70 Hudson Yards
  • Market: Manhattan
  • Asset Size: 807,000 SF
  • Landlord: Jeff T. Blau - Related Companies & Eric Plesman - Oxford Properties Group
  • Tenant: Joe Ucuzoglu - Deloitte

Key individuals in this transaction include Jeff T. Blau and Eric Plesman, representing the landlords, and Joe Ucuzoglu, representing the tenant, Deloitte. Their respective companies, Related Companies and Oxford Properties Group, play a crucial role in this high-value lease agreement.

Details

LEASED
IMAGE: Eric Plesman, Jeff T. Blau & Joe Ucuzoglu DATE: 01/28/2026 ADDRESS: 70 Hudson Yards MARKET: Manhattan ASSET TYPE: Office ~ SF: 807,000 LANDLORD: Jeff T. Blau - Related Companies (@RelatedCos) & Eric Plesman - Oxford Properties Group (@OxfordPropGroup) TENANT: Joe Ucuzoglu - Deloitte LEASE TERM: 22‑year NOTE: Deloitte agreed to pay over $2.6 billion for a nearly 22‑year, 807,000 SF lease at 70 Hudson Yards, marking the highest‑value office lease in New York City since the pandemic.

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Deal Type
Effective Rent (Annual)

$46,256,753.02

Total Lease Value

$462,567,530.22

Net Landlord Cash Flow$46,256,753.02