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Brokerage
Posted: December 23, 2013
Steir, Goldstein, Barlow, Perla and Towne of Studley originate 330,210 s/f lease for Jones Day at Brookfield Place
Jones Day has signed a 20-year, 330,210 s/f lease for floors 27 through 34 of Brookfield Place, located at 250 Vesey St., in a transaction brokered by Studley.
Jones Day currently occupies 425,000 s/f across three separate locations originated by Studley. The firm outgrew its headquarters at 222 East 41st St., and eventually expanded to 605 Third Ave. and 220 East 42nd St. The firm plans to move into the new space in 2016. Jones Day again turned to Studley, seeking new opportunities to increase their commercial real estate efficiency, provide a new workspace and ultimately produce superior business economics.
Studley's chairman and CEO Mitchell Steir, along with executive vice president David Goldstein, executive vice president Matthew Barlow, corporate managing director Jason Perla and senior vice president Stanton Towne, represented Jones Day. Jerry Larkin and David Cheikin of Brookfield Office Properties represented the landlord.
Leading the transaction, Steir said, "By moving to Brookfield Place, Jones Day will be in the heart of New York's dramatically changed Downtown. The premium space allows Jones Day to occupy eight contiguous floors at the top of the complex and provides access to ample amenities, transportation and housing."
Located on the Hudson River waterfront, Brookfield Place offers seven million s/f of office space within four glass towers. "Jones Day's relocation to Brookfield Place represents another significant step forward in the continued evolution of Lower Manhattan and it wouldn't have been possible without the vision, professionalism and dedication of the Studley team." said Larkin, senior vice president, director of leasing for Brookfield.
Jones Day is a global law firm with 40 offices in the major centers of business and finance throughout the world. The firm acts as principal outside counsel to, or provides significant legal representation for, approximately half of the Fortune 500, Fortune Global 500, and FT Global 500.
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