Hudson Yards today announced that global law firm Cooley LLP has signed a deal to relocate its New York headquarters to 55 Hudson Yards, leasing 130,000 square feet across five floors near the top of the building. In doing so, Cooley will enjoy flagship state-of-the-art office space among many of the biggest names in business, tech, fashion, beauty and finance when the building opens in 2018.
Multiple national and regional publications consistently recognize Cooley as a great place to work, including Crain’s New York Business which has recognized the New York office as a Best Place to Work for four consecutive years. Additionally, Fortune recently named Cooley the #1 law firm on its list of 100 Best Companies to Work For. “Becoming part of this visionary new development further reinforces our commitment to investment and growth in New York,” said Joe Conroy, Cooley’s chief executive officer.
“We will be working alongside many of our clients and look forward to joining them in a stunning new environment that will be among the world’s most sophisticated law firm office spaces.” Jay Cross, President of Related Hudson Yards said, “The unprecedented commercial leasing effort at Hudson Yards has attracted over 6.4 million square feet of occupancy by some of the world’s leading businesses, and we are thrilled to welcome Cooley to the neighborhood. Both Cooley and its clients are well-regarded as forward-thinking and innovative, and their new park-front New York City headquarters, in this amenity-rich neighborhood, is an ideal fit for their customers and their culture, employees and future talent.”
The anticipated LEED Gold, 1.3 million gross square foot building was designed by acclaimed global architect A. Eugene Kohn of Kohn Pedersen Fox (KPF). The building is defined by its indoor-outdoor spaces, early modernism-inspired exterior design and exceptionally efficient interior space planning. Positioned at the intersection of Hudson Yards, the High Line and Hudson Park & Boulevard, 55 Hudson Yards is one of the few office buildings in the entire city that opens directly onto a park. It also sits adjacent to a No. 7 Subway station, which connects to nearly every other major subway line, as well as Grand Central Station.
Penn Station is also less than a ten-minute walk away. The building will also be home to: Boies, Schiller & Flexner; Intercept Pharmaceuticals; Milbank, Tweed, Hadley & McCloy LLP; MarketAxess; Point72; and Silver Lake. Jonathan Bach, partner in charge of the firm's New York office said, “We’re excited to serve our clients out of this cutting-edge space. This move is in line with our commitment to East Coast growth and speaks to the vibrancy of New York across the corporate, finance and tech sectors and more.”
Hudson Yards will be one of the most quantified and connected communities in the world and features state-of-the-art infrastructure. The 28-acre site will include more than 18 million square feet of commercial and residential space, more than 100 shops and restaurants, 4,000 residences, a unique cultural space, 14-acres of public open space, a new 750-seat public school and an approximately 200-room Equinox® hotel.
The unprecedented commercial leasing effort at Hudson Yards has already attracted over 6.4 million square feet of occupancy by some of the world’s leading businesses. Newmark Knight Frank Vice Chairman Moshe Sukenik, Law Firm Advisory Services Chairman Aaron Katz, Vice Chairman Patrick Nalls, Senior Managing Director Michael Shuler, and Director Brian Cohen represented Cooley LLP in the transaction. Stephen Winter, Vice President of Commercial Leasing at Related Companies, Bob Alexander, CBRE Chairman Tri-State Region, and Howard Fiddle, CBRE Vice Chairman represented the ownership group.
ABOUT COOLEY LLP: Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has 900 lawyers across 12 offices in the United States, China and Europe. For more information, please visit www.cooley.com.
ABOUT RELATED COMPANIES: Founded over 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The Company’s existing portfolio of real estate assets, valued at over $30 billion, is made up of best-in-class mixed-use, residential, and retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London and Shanghai, and is well-known for having developed the 2.8 million square foot Time Warner Center in New York City and the 72-acre CityPlace in West Palm Beach as well as being a leader in green building. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information, please visit www.related.com.
ABOUT OXFORD PROPERTIES GROUP: Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company’s portfolio includes approximately 56 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of OMERS. For more information, please visit www.oxfordproperties.com.
ABOUT MITSUI FUDOSAN AMERICA, INC.: Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York City and is the U.S. subsidiary of Mitsui Fudosan Co., Ltd. – Japan’s largest publicly traded real estate company. MFA’s history in the United States dates back to the early 1970’s. Since its inception, MFA has acquired and developed numerous office, multifamily and hospitality properties in major markets throughout the U.S. including: 1251 Avenue of the Americas in Midtown Manhattan; The Homer Building and 1200 17th Street in Washington D.C.; 270 Brannan Street in San Francisco and the renowned Halekulani Hotel in Waikiki, Hawaii. In addition to its significant portfolio of office buildings, MFA recently expanded its development platform, with several office and multifamily development projects launched in New York, San Francisco, and Washington D.C. For more information, please visit www.mfamerica.com.