Tishman Speyer’s Spiral secures three new financial services leases in booming Hudson Yards
While many older office properties are struggling, the dominant appeal of Manhattan’s new generation high-rises is once again evident this week. Three leases just signed by finance firms for Tishman Speyer’s Spiral have left the 2.8 million square foot, 66-story skyscraper 75% occupied – just a year since it opened.
The three new deals total 112,000 square meters. At the largest global wealth manager, Marshall Wace is moving into 800,000 square feet throughout the 32nd floor and part of the 33rd floor, moving from 350 Park Ave.
Betheseda, Maryland-based ProShares, an electronically traded fund manager, signed a deal for 9,000 square feet in its first New York City office. A third, unidentified global asset management firm occupied 24,000 square feet.
The firms join previous tenants including Pfizer, the anchor tenant; and HSBC, Debevoise & Plimpton, Alliance Bernstein and Turner Construction, the project’s general contractors.
Spiral’s official address is 66 Hudson Blvd. East and rises between West 34th and West 35th Streets and between 10th Ave. and the boulevard. Located north of Related Companies’ Hudson Yards complex and Brookfield Property’s Manhattan West, it is part of the booming, city-designated Hudson Yards District.
Designed by architects BIG-Bjarke Ingels Group, the tower features cascading terraces and hanging gardens. Asking rents range from $125 to $225 per square foot.
Spiral’s ground floor will soon house a Peruvian-Japanese restaurant by Erik Ramirez and Juan Correa of Llama San and LLama Inn, as well as two new concepts from multi-Michelin-starred Gabriel Kreuther, known for his eponymous Alsatian restaurant on the West 42nd st
Greg Conen and Sam Brodsky are representing Tishman Speyer on all three new leases. Andrew Sachs and Bill Levisky of Newmark represented Marshall Wace and his son all three. JLL’s Cynthia Wasserberger and Michael Pallas worked for ProShares.
