CBRE arranges lease renewal for Novartis at 10 Bryant Park

Manhattan, NY CBRE has arranged a 15,865 s/f lease renewal at 10 Bryant Park on behalf of Novartis, one of the world’s largest pharmaceutical companies, which signed a five-year lease extension at the Class A office tower.

CBRE’s David Stockel represented Novartis in lease negotiations. Novartis will continue to house its critical New York City operations on the entire 12th floor of the property. JLL represented the building’s owner, Property & Building Corp., in the lease renewal.

“We worked closely with Novartis to secure a new lease extension that addressed the firm’s current and future real estate requirements,” said Stockel. “Novartis chose to extend its lease because of its strong relationship with ownership and stellar property management.”

10 Bryant Park offers panoramic 360° views and overlooks the historic New York Public Library. The landmark Beaux-Arts building, constructed in 1902, has a 10-story and an adjoining 30-story tower. It boasts efficient, column-free space spanning up to 55 feet in the tower and sizable floorplates ideal for large institutional tenants and boutique firms that require high-quality office space.