NEW YORK CITY—Brookfield Property Partners has nabbed the National Hockey League in a long-term lease for its headquarters at One Manhattan West.

The occupier has agreed to take roughly 160,000 square feet on five floors of the 2.1-million-square-foot tower, which is expected to stand 67 stories and be completed in 2019. The NHL has also agreed to a retail lease of up to 15,000 square feet for an NHL Store to feature fan experiences within the central retail corridor of Manhattan West.

The NHL was represented in lease negotiations by CBRE vice chairmen Michael R. Laginestra and Michael Geoghegan, SVP Chris Corrinet, and Zach Weil. Brookfield was led in-house by Jerry Larkin, Duncan McCuaig, Kathleen Kane, Michael Goldban, Mark Kostic and Matt McCandless and represented by Cushman & Wakefield's Bruce Mosler, Josh Kuriloff, Robert Lowe, Mikael Nahmias and Ethan Silverstein. A Fried Frank team of real estate partners Meyer Last and Jennifer A. Yashar; and real estate associate Danielle R. Frank, represented Brookfield on the NHL's lease at 1 Manhattan West.

Located in the burgeoning, Hudson Yards district, Manhattan West is a seven-acre, six-building complex stretching from 9th Avenue to 10th Avenue and 31st Street to 33rd Street. It will include more than five million square feet of class-A office space, luxury apartments, a boutique hotel, chef-inspired culinary options, and two acres of open space, all enlivened through Arts Brookfield, Brookfield's arts and entertainment program.

One Manhattan West is rising on the northeast corner of the site at Ninth Avenue and 33rd Street. The property is anchored by the law firm of Skadden, Arps, Slate, Meagher, & Flom and is now nearly 40% leased.

It is the first of two major office buildings to be built at the site, with the construction of Two Manhattan West planned for a future start. Two other commercial buildings comprise the remaining office space: Five Manhattan West, which has been completely renovated and re-launched as a collaborative urban space with large floor plates and floor-to-ceiling glass; and “The Lofts,” a boutique, 13-story building that features concrete slabs and exposed I-beam columns.

“Manhattan West will be a vibrant and distinctive community, and we are thrilled that the NHL will be a part of it,” says Ric Clark, senior managing partner and chairman, Brookfield Property Group. “The leadership and employees of the NHL will benefit not only from the modern features and prime location of One Manhattan West, but also the unparalleled mix of retail and dining amenities and the beautiful public plaza that will be central to Manhattan West.”

Adds NHL Commissioner Gary Bettman, “The NHL is excited and pleased to be one of the initial tenants at Manhattan West, locating our U.S. headquarters to the 'new' West Side. The growth and momentum of our game and our business require a state-of-the-art facility; with its terrific amenities, including an NHL store, our new building will be that and more. Our staff, guests and fans will have a special connection to Manhattan West and the NHL.”

Manhattan West's 62-story luxury residential tower is expected to open Spring of 2017 with 844 luxury units designed by Roman and Williams. The building, located at 435 W. 31st St. between Ninth and Dyer Avenues, includes 50,000 square feet of shared amenities, including a fitness and wellness center with a rock climbing wall and golf simulator, a regulation-size indoor basketball court, a 4,500-square-foot rooftop terrace with a fire pit and barbecue areas, and concierge services.

Manhattan West sits directly between the soon-to-be-redeveloped Penn Station and the new 7-train station at Hudson Yards, New York City's first subway extension in decades. It is one block from the A, C, E, 2, 3 and 7 subway lines, New Jersey Transit, the Long Island Railroad and Amtrak.

NEW YORK CITY—Brookfield Property Partners has nabbed the National Hockey League in a long-term lease for its headquarters at One Manhattan West.

Instant Insights /

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