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440 Capital Doubles Office Space in Move to Brookfield’s 660 Fifth Ave. 

Alternative credit asset manager 400 Capital Management LLC has signed a lease at Brookfield Properties’ 660 Fifth Ave. in Midtown Manhattan. The firm will occupy 25,572 square feet beginning in August 2024, more than doubling the size of its current office. 

The lease announcement comes as Brookfield Properties nears completion of a $400-million redevelopment of the circa-1957 building, which it acquired in 2018. In May of this year, financial services firm Macquarie Group signed a lease as the anchor tenant for 221,754 square feet across six floors of the tower.   

On behalf of 400 Capital, CBRE vice chairman David Hollander and SVP Brad Auerbach brokered the deal. Brookfield was represented in-house by Duncan McCuaig, Dave Caperna, and PJ Massey, and by the Cushman & Wakefield team of Bruce Mosler, Josh Kuriloff, Ethan Silverstein, John Santora, Matthias Li, Nicholas Dysenchuk and Howard Cross.  

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Inside The Story

CBRE's HollanderCushman & Wakefield's Mosler

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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