CBRE<\/a> and checked against Commercial Observer\u2019s reporting.<\/p>\n\n\t\t\t\t\t\tNew York University
\n1.07 million square feet
\n770 Broadway (master lease)
\n
\nNew York University in May took over management of Vornado Realty Trust\u2019s 770 Broadway after signing a master lease with the owner spanning more than 1.07 million square feet for a total of 70 years. The lease had been in negotiations for several months.
\n
\nMoreover, Vornado got some of its money upfront. NYU prepaid $935 million for the master lease, and agreed to an annual payment of $9.3 million after assuming income from existing office leases at the property, according to Vornado.
\n
\nNYU will have the option to buy the building from the real estate investment trust in 2055 and at the end of the lease term in 2095. Stay tuned.
\n\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tJane Street Capital
\n1 million square feet
\n250 Vesey Street (expansion)
\n
\nJane Street Capital again showed that it likes what it sees at Brookfield Place, initially leasing 140,000 square feet at 250 Vesey Street in 2024 before expanding to 600,000 square feet and then hitting the 1 million square foot mark in February 2025.
\n
\nThe firm, which focuses on exchange-traded funds, had been shopping around for a new office and was considering Brookfield\u2019s neighboring 300 Vesey Street. But the landlord decided to make things easy for them, giving up some of its own space at 250 Vesey so Jane Street could grow in place.
\n
\nBrookfield handled the deal in-house via Duncan McCuaig, Mikael Nahmias, Hayley Shoener and Dan Roberts, while Rob Lowe, Augustus Field and Jon Herman of Cushman & Wakefield represented Jane Street. The expansion was described at the time as \u201clong term.\u201d\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tDeloitte
\n800,000 square feet
\n70 Hudson Yards (new lease)
\n
\nWhile the deal was in the works long before Related Companies and Oxford Properties started construction this spring on the 1.1 million-square-foot office tower, Deloitte made it official in April: The accounting giant would migrate from its current offices at 30 Rockefeller Plaza to Hudson Yards, making it the largest new lease of 2025.
\n
\nThe 60-story 70 Hudson Yards is due to include amenities such as private dining rooms, a podcast studio, and red-eye suites for folks returning from long flights. It will not, however, include a casino. The developers and partner Wynn failed to win one of the downstate New York gaming licenses that was up for grabs this year.
\n
\nThe brokers on the deal and the length of the lease were unclear.
\n\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tCitadel
\n504,000 square feet
\n660 Fifth Avenue (new lease)
\n
\nFinancial services firm Citadel decided it would need a roof over its head while it waits for Vornado Realty Trust and Rudin to finish its new headquarters at 350 Park Avenue in 2032.
\n
\nWhile the space won\u2019t be as large as the 850,000 square feet it expects at 350 Park, Citadel will occupy 504,000 square feet in the Brookfield Properties-owned building for the time being and vacate the space it currently has at the old 350 Park.
\n
\nIts affiliate, Citadel Securities, also has a 440,000-square-foot office nearby at L&L Holding Company\u2019s 425 Park Avenue.
\n
\nIt\u2019s unclear who brokered the deal at 660 Fifth.\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tMillennium Management
\n399 Park Avenue
\n438,000 square feet (extension)
\n
\nAlternative investment firm Millennium Management extended its lease deal for 438,000 square feet at BXP’s 399 Park Avenue in November, but the details of its extension remain unclear.
\n
\nMillennium relocated from 660 Fifth Avenue to the building in 2018, when it leased 300,000 square feet on four full floors of the 41-story tower between East 53rd and East 54th streets.
\n
\nThe deal flew in below the radar, in a report from Colliers covering November alone and a BXP report on the third quarter, and it\u2019s unclear exactly when the deal was signed, the terms or who the brokers were.\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tUnited Nations Association\t
\n2 United Nations Plaza
\n425,190 square feet (new lease)
\n
\nIn June, the United Nations Association inked a deal for 425,190 square feet across 26 stories at 2 United Nations Plaza and two stories of retail at 2 United Nations Plaza, consolidating its operations within the Midtown East campus.
\n
\nNewmark\u2019s Jim Saunders and Jason Perla represented the U.N., while CBRE\u2019s Scott Gottlieb represented the landlord, United Nations Development Corporation, a public benefit corporation established by New York State.
\n
\nThe deal followed the announcement that United Nations Plaza would get $500 million for a redevelopment intended to modernize the buildings. The project is expected to create more than 1,800 construction jobs.\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tHorizon Media
\n75 Varick Street
\n360,000 square feet (extension)
\n
\nHorizon Media decided it likes Hudson Square so much that in March it extended its 360,000-square-foot space at 75 Varick Street for 17 years.
\n
\nThe tenant occupies six floors of the 18-story building owned by Hudson Square Properties, a partnership between Trinity Church NYC, Norges Bank Investment Management and Hines.
\n
\nNewmark\u2019s David Falk and Peter Shimkin negotiated on behalf of Hudson Square Properties while Moshe Sukenik and Chris Mongeluzo, also from Newmark, handled the deal for the tenant.\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tGuggenheim Partners
\n330 Madison Avenue
\n360,000 square feet (expansion)
\n
\nGlobal investment and advisory firm Guggenheim Partners in September renewed its lease at 330 Madison Avenue for 17 years, expanding from 240,000 square feet to 360,000 square feet.
\n
\nThe tenant has been in the building since 2013, and had originally moved into a smattering of 186,000 square feet across various floors.
\n
\nJLL\u2019s Frank Doyle, David Kleiner and Carlee Palmer represented the building\u2019s owner, Munich Re. Savills\u2019 Peter Hennessy and Bradford Allen\u2019s Ben Azulay represented Guggenheim in the deal.
\n\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tSalesforce
\n1095 Avenue of the Americas
\n349,515 square feet (expansion)
\n
\nCloud-based software company Salesforce tacked on 71,000 square feet to its existing footprint in the Salesforce Tower New York, also known as 1095 Avenue of the Americas, extending for 15 years a 349,515-square-foot footprint.
\n
\nSalesforce plans to use the space in the building owned by the global investment group La Caisse and managed by Hines to develop products that will \u201chelp prepare Salesforce\u2019s more than 3,000 local employees for the agentic AI era,\u201d according to the company. The company has an AI operation called Agentforce.
\n
\nCBRE represented both Salesforce and La Caisse in the deal.
\n\t\t\t\t\t<\/p>\n
\n\t\t\t\t\t\tAmazon\t
\n452 Fifth Avenue
\n344,000 square feet (new lease)
\n
\nAmazon again made another big headline in April when it signed a lease deal for 330,000 square feet at the Property & Building Corporation-owned 10 Bryant Park, also known as 452 Fifth Avenue.
\n
\nThe space won\u2019t be cheap for Amazon.
\n
\nThe 15-year lease will run Amazon $29.5 million annually in rent for the first five years, going up to $32.2 million per year after that and eventually hitting $34.8 million.
\n
\nA JLL team led by Paul Glickman and Ben Bass negotiated on behalf of the tenant.
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