Stroock Represents Pfizer in Global Headquarters Relocation in NYC
Pfizer signs 20-year, 800,000 square foot lease in new Hudson Yards tower The Spiral
New York, April 13, 2018 — Stroock represented pharmaceutical leader Pfizer Inc. as the anchor tenant in a recently signed 20-year office lease for its new global headquarters in the Hudson Yards section of Manhattan. Pfizer will occupy over 800,000 square feet of space on 15 floors in The Spiral, a 2.8 million square foot tower being built by Tishman Speyer at 66 Hudson Boulevard.
Pfizer will relocate its global headquarters from 235 East 42nd Street to The Spiral and expects to begin occupancy in 2022. Stroock is also representing Pfizer in connection with the intended sale of its current headquarters on 42nd Street.
The Stroock team representing Pfizer on the lease is led by Marc Hurel with Evan Babcock. The team representing Pfizer on the intended disposition is led by Joe Miller with Kelly Booker. Stroock tax support is provided by Mayer Greenberg and Brian Senie. Jeff Keitelman leads the Stroock team, which regularly represents Pfizer in real estate transactions across the country.
Stroock’s national real estate group helps clients structure, negotiate and close some of the country’s largest commercial real estate transactions including: the development and recapitalization of 10 Hudson Yards in NYC; the redevelopment of the former Washington Post site in the heart of Washington, D.C.; the sale of 1285 Avenue of the Americas located in Rockefeller Center; the sale of the Southeast Financial Center, an iconic office building in downtown Miami; the recapitalization of the Century Plaza Towers, the most recognizable trophy office complex in the Century City area of Los Angeles; the disposition of Two Independence Square serving as the headquarters for NASA in Washington, D.C.; the 1.9 million-square-foot mega-project of Essex Crossing on the Lower East Side of NYC; the acquisition of the Department of Veterans Affairs Hospital in Loma Linda, CA; and the redevelopment of the World Trade Center site in Lower Manhattan.
Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. With a rich history dating back 140 years, the firm has offices in New York, Los Angeles, Miami and Washington, D.C.