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New York & Tri-State  + Downtown New York  + Office  | 

EY Takes Two Floors in Chelsea Lease Extension

In advance of relocating its headquarters to Brookfield’s Manhattan West complex, EY has taken two floors at Columbia Property Trust’s 218 W. 18th St. The accounting giant will occupy 27,000 square feet at the Chelsea office property for more than five years.

EY came into the property in 2016 as a subtenant of SY Partners. “We’re pleased that Ernst & Young has chosen to become a direct tenant at 218 W. 18th, with a commitment to stay in the building to 2026,” said David Dowdney, SVP and head of leasing for Columbia. “E&Y fits perfectly among the diverse mix of TAMI and financial tenants who have chosen 218 W. 18th for its highly-appealing Chelsea location and modern, boutique design.”

Cushman & Wakefield’s Charlie Stephens and Sam Clark represented EY. Columbia acquired 218 W. 18th and 245-249 W. 17th St. from New York REIT for $514 million last year.

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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 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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