NEW YORK, NY – Actual property growth, funding and administration agency Silverstein Properties has secured a 180,000-square-foot, 15-year lease at its 3 World Commerce Middle workplace property in Manhattan with the worldwide regulation agency Freshfields Bruckhaus Deringer US LLP.
The regulation agency will transfer from its present New York workplace at 601 Lexington Ave. in Midtown to the decrease Manhattan property in early 2024. Freshfields will occupy flooring 51 by 54 at 3 World Commerce, which is able to function its new headquarters. The agency is presently working with Gensler to design the four-floor workplace area.
Because the World Commerce Middle campus’ latest workplace constructing, 3 World Commerce Middle, which opened in June 2018, serves as New York Metropolis’s fifth tallest tower. The LEED Gold licensed constructing is presently occupied by tenants together with WPP/GroupM, Uber, McKinsey, Diageo, Hudson River Buying and selling and IEX.
The constructing options an out of doors terrace on the 17th flooring, and it affords tenants amenties comparable to a hospitality program that gives premier hotel-quality providers and an on-site and app-accessible concierge for entry to neighborhood perks, each day health courses and month-to-month social occasions.
Freshfields’ newly-leased area will help its continued growth within the US. Through the previous three years, the agency has employed greater than 200 legal professionals throughout its places of work in Washington D.C., Silicon Valley and New York.
“We’re nothing in need of thrilled to announce these plans,” says Olivia Radin, Freshfields’ New York workplace managing associate. “3 World Commerce Middle is without doubt one of the most technologically superior, sustainable and transit-oriented buildings within the nation. The area on this spectacular tower will match the excellence that Freshfields delivers for our individuals and our shoppers day by day.”
“I’m delighted to welcome Freshfields to the World Commerce Middle and to Decrease Manhattan,” says Larry A. Silverstein, chairman of Silverstein Properties. “This neighborhood has confirmed itself time and time once more as probably the greatest locations within the nation to stay, work and go to.”
Silverstein Properties EVP Jeremy Moss led the lease negotiations on behalf of the owner, alongside a CBRE crew consisting of Mary Ann Tighe, Ken Meyerson, Adam Foster, Evan Haskell, Steve Eynon, Caroline Merck and Rob Hill. For the transaction, Freshfields was represented by Savills’ Tri-State president David J. Goldstein and senior managing director Jarod Stern, together with Savills’ New York Metropolis consulting group.