Property & Building Corporation Ltd. (PBC) has completed a 121,833-square-foot renewal and expansion lease with global law firm Baker McKenzie at 10 Bryant, the Class A office tower at 452 Fifth Ave.
With this transaction, Baker McKenzie will occupy 7.5 floors at the newly repositioned 865,000-square-foot, 30-story tower overlooking Bryant Park. This includes the partial 14th floor, entire 15th through 20th floors, and now the 30th floor at the top of the building. JLL, the exclusive leasing agent for the property, has completed over 670,000 square feet of new and recent leasing.
“We are honored that Baker McKenzie has chosen to expand its presence and build its future with a long-term lease at 10 Bryant,” PBC-US Chief Executive Officer Eli Elefant. “The property stands as one of the best-located and most thoughtfully amenitized office destinations in Manhattan.”
“Our firm has had extraordinary success in this property, and it is the ideal location for our continued growth in the New York City market,” said Scott Brandman, Managing Partner of Baker McKenzie’s New York office. “The building offers a premier environment in the heart of Midtown that enables our attorneys to collaborate effectively and deliver high-quality service to our clients.”
PBC was represented by a JLL team led by Vice Chairmen Paul N. Glickman and Ben Bass, Executive Vice President Kristen Morgan and Senior Vice President Kate Roush. Baker McKenzie was represented by David Goldstein, president, Tri-state and John Mambrino, vice chairman with Savills.
“The workplace experience at 10 Bryant is unmatched, enabling its tenants to attract and retain top talent,” Glickman said. “The property’s ideal location, direct access to Bryant Park and proximity to the city’s mass transit hubs position it as a leading choice for tenants who require a best-in-class workplace.”
