Two telecommunications giants made massive entries in the list of last month’s largest office leases: Verizon and Spectrum. Both companies managed to clear the 200K-square-foot mark with their new leases and renewals.
These were the largest NYC office leases signed in July 2025:
1) Verizon | 2 Penn Plaza | Penn Plaza | 203K sf
The telecommunications giant inked a massive new lease in the Penn Plaza building. News of the lease comes almost two years after changing course from a planned lease at 155 Delancey Street. A 4-member Cushman & Wakefield team including Josh Kuriloff and Peyton Horn represented the tenant, while a 4-member Vornado Realty Trust team including Glen Weiss and Josh Glick represented the landlord in house.
2) Invesco | 225 Liberty Street | Battery Park City | 200K sf
The investment management company signed renewal in the Battery Park City building, one of five which makes up Brookfield Place. The building is owned by Brookfield Properties.
2) Spectrum | 59 Paidge Avenue | Greenpoint | 200K sf
For a third lease last month over the 200,000 square feet mark, and a second renewal of that size, Spectrum signed a new 10-year renewal for its Greenpoint warehouse space. The cable and internet provider has operated in the space, which is owned by Steel Equities, since 2011.
3) Latham & Watkins | 1285 Sixth Avenue | Midtown West | 120K sf
The law firm signed a new lease in the Midtown West building. The firm also operates more than 435,000 square feet of office space just a block away, at 1271 Sixth Avenue. Scott Gamber, Craig Reicher and Emily Chabrier of CBRE represented the tenant, while William Elder and Daniel Birney of RXR represented the landlord in house.
4) Clear Street | 4 World Trade Center | Financial District | 88K sf
The tech firm inked a new renewal and expansion in the Financial District building. Josh Berger of Norman Bobrow & Company represented the tenant, while Keith Cody and Gordon Hough of Silverstein Properties represented the landlord in house.
5) Paul Weiss Rifkind Wharton & Garrison | 1345 Sixth Avenue | Midtown West | 85K sf
The law firm inked a new 20-year sublease in the Midtown West building, bringing its total footprint in the building up to almost 850,000 square feet. Chris Mongeluzo, Moshe Sukenik and Brian Cohen of Newmark represented the firm, while a team from JLL represented the sublandlord. The building is owned by Fisher Brothers.
6) Beacon Mobility | 2647 Stillwell Avenue | Coney Island | 83K sf
The transportation company signed a new lease in the Coney Island building. Helen Paul, Gus Weaver and Rico Murtha of Cushman & Wakefield represented both the tenant and the landlord, Turnbridge Equities.
7) Sigma Computing | 1 Madison Avenue | Flatiron | 64K sf
The tech company signed a new lease in the Flatiron building. Brent Ozarowski, Jeff Rodgers and Stephen Cisarik of Newmark represented the tenant, while Paul Glickman, Alex Chudnoff and Ben Bass of JLL represented the landlord, SL Green Realty.
8) WeWork | 250 Broadway | Tribeca | 60K sf
The co-working firm signed a new lease in the Tribeca building, its first since exiting bankruptcy. A 4-member JLL team including Peter Riguardi and Clark Finney represented the tenant alongside an in-house team of Peter Greenspan and Whitney Anderson, while Anne Holker of AmTrust RE represented the landlord in house alongside Brad Gerla, Michael Rizzo and Alex Benisatto of CBRE.
9) Steptoe | 1133 Sixth Avenue | Times Square | 58K sf
The law firm inked a new lease in the Times Square building. Timothy Dempsey and Greg Maurer-Hollaender of CBRE represented the tenant, while Rocco Romeo and Nora Caliban of Durst Organization represented the landlord in house.
10) L.E.K. Consulting | 1166 Sixth Avenue | Grand Central | 54K sf
The tenant inked a new lease in the Grand Central building. Allyson Bowen of Savills represented the tenant, while a 4-member Newmark team including Andrew Sachs and David Falk represented the landlords Edward J. Minskoff Equities and Marsh McLennan.
