News: Brokerage

JLL relocates Syneos Health to 86,498 s/f at Brookfield Place

Manhattan, NY JLL has completed a new transaction for Syneos Health at 200 Vesey St. The biopharmaceutical solutions organization signed a lease for 86,498 s/f inside a commercial office condominium within the class A, 2.5 million s/f office building at Brookfield Place.

Syneos Health was represented by Erika Jean McNeil, Jonathan Fanuzzi and Kip Orban, key members of the brokerage group led by Paul Glickman and Matt Astrachan. The team worked closely with Kevin Brandenburg, senior vice president and head of corporate services, at Syneos Health on the transaction. The owner was represented by Lisa Kiell, Michael Shenot, Ed DiTolla and Andrew Coe, also with JLL.

Syneos Health signed a 10-year lease for the space and will occupy the entire 39th and 40th floors at 200 Vesey St., uniting operations from multiple locations in the borough. Relocating to 200 Vesey St. included negotiating complex termination agreements from multiple locations.

“Syneos Health was looking for a large block of high-end office space in Manhattan that would allow the company to bring multiple parts of its business together under one roof,” said McNeil. “The new flagship space supports the company’s cultural and business needs, providing two exclusive floors in a premiere building where employees can work together in a collaborative environment with state-of-the art technology and amenities. Employees and biopharmaceutical customers alike will also benefit from access to the Oculus, one of the world’s premiere transportation hubs.”  

Owned by Brookfield Properties, 200 Vesey St. is located at the intersection of Vesey and West Sts. at the north end of the Cesar Pelli-designed Brookfield Place. Completed in 1986, the 53-story office tower has more than 2.1 million s/f of rentable area, including 300,000 s/f of retail and dining.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of