CUSHMAN & WAKEFIELD NEGOTIATES 260,000-SQUARE-FOOT LEASE RENEWAL, EXPANSION

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NEW YORK CITY — Cushman & Wakefield (C&W) has negotiated a 260,000-square-foot lease renewal and expansion at 125 West 55th Street, a 23-story office tower located in New York City. Sydney, Australia-based Macquarie Group will renew its lease for 100,000 square feet within the building, and is expanding by 160,000 square feet by leasing an additional six floors, plus portions of the ground and eighth floors. Josh Kuriloff and Robert Tanzmann of C&W represented Macquarie Group in the lease transaction; Andrew Levin provided in-house representation to the building’s owner, Boston Properties. 125 West 55th Street contains approximately 590,000 square feet of office space; major tenants at the building include Katz Media Group and Air France. A joint venture in which Boston Properties is a majority partner acquired the building in August of this year.

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