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New York & Tri-State  + Midtown New York  + Office  |  December 10, 2025
Paul Bubny
By: Paul Bubny

Lever House Reaches 100% Occupancy Following Renovations

Brookfield Properties and Waterman Interests, LLC said Wednesday that Lever House at 390 Park Ave. is now fully leased, following a $100-million renovation and restoration. Its current tenant roster includes leading global banks, hedge funds, private equity firms and distinguished family offices.

Having acquired Lever House in May 2020 during the height of the Covid-19 pandemic, Brookfield Properties and WatermanClark revitalized the asset with a clear objective: to seamlessly integrate the 1952-vintage building’s architectural legacy with the demands of a modern workplace.

“This redevelopment reflects our firm’s broader strategy of unlocking the potential of existing assets,” said Philip “Tod” Waterman III, CEO of Waterman Interests. “Lever House is a prime example of how thoughtful reinvestment, when paired with a deep understanding of tenant needs, can reposition a property to compete at the highest level in today’s market.”

Added Brookfield managing partner Loren Young, “Our revitalization of Lever House has created an elevated benchmark for premier office and hospitality space in Midtown Manhattan.”

Read More News Stories About: Brookfield Properties
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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 16-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 7-10 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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