Posted Apr 5, 2017, 5:07 PM
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Accenture, Google, Scripps checking out Manhattan West-
By Lois Weiss
April 4, 2017
Accenture, Google and Scripps are among the companies now checking out the availabilities at Manhattan West.
That’s good news for Brookfield’s new 2.216-square-foot tower at One Manhattan West, which still has 1.3 million square feet to rent from the 6th to part of the 23rd floors, and again from 46th to the top 67th floor.
The mid-range floors have already attracted law firm Skadden Arps with 610,793 square feet on 28 through 45 and the National Hockey League with 160,625 square feet on the 23rd to 27th floors along with its retail store at the base.
It is likely, however, that both Google and the television station portions of Scripps are more attracted to the fairy-dust transformation of the 2.15 million-square-foot Brutalist industrial-design 450 W. 33 St. into the more cheery, glass and tech friendly 5 Manhattan West.
Brookfield spent $300 million in improvements that include a floor-to-ceiling ladder curtain wall designed by Joshua Prince Ramus of REX Architecture that by itself has attracted a bevy of lookers.
While declining to confirm or discuss individual tenants, Brookfield executive David Cheikin said Brookfield is talking to tech and media firms for what are about 78,000- to 130,000-square-foot floor plates.
“The energy and vibe and reception in the market [at Manhattan West] is very similar to what was happening at Brookfield Place,” Cheikin said. “People can see what the vision is and it is aligning with the corporate requirements.”
Bruce Mosler of Cushman & Wakefield, who is leading the agency team, says, “We can now offer a tenant as much as 700,000 square feet and have three times that in demand.” Some of that space includes the top three floors that have 27-foot-high ceilings and a desirable 10,000-square-foot terrace.
Rents range up to $105 per square foot.
JPMorgan and the Financial Information Services Agency are among the tenants, and Whole Foods has just signed for 65,000 square feet where it will have plenty of additional indoor and outdoor seating.
Scripps Food Network and television shows including “Cooking,” now operate out of a 165,227-square-foot lease at Chelsea Market on floors 2-6 that CoStar data show expires in mid-2021. Sources said that lease is coterminous with the one for 120,721 square feet at 1180 Sixth Ave., where it has been located since 1997. Scripps is also represented by Cushman & Wakefield, which declined comment.
A Scripps spokesman said, “As a media company, we are always looking at spaces — which is how we found Chelsea Market — but we are a long way from acting on it.”
Accenture, the former Andersen Consulting that is now a giant global consultancy expanding into tech, digital, cloud and security, is said to be looking for several hundred thousand square feet through different brokers. It has space in several locations, including 155 Sixth Ave. and at 1345 Sixth. As with any large corporate space search, it is also likely to be looking at other new towers in Hudson Yards and the World Trade Center along with Midtown. A spokesman for Accenture had no comment.
As for Google, the company keeps creating and adding divisions along with hundreds of thousands of square feet around its 111 Eighth Ave. core in other hip buildings, including 450,000 square feet in Chelsea Market and 260,000 square feet at the upcoming Superpier 57, and so its interest in 5 Manhattan West is a natural fit. Stay tuned.
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