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Loeb Represents Global Holdings in 11-Year Lease Renewal with Bloomberg in Midtown Manhattan

Loeb & Loeb represented Global Holdings, a Manhattan-headquartered international real estate development and investment firm, in an 11-year lease renewal with Bloomberg LP for approximately 495,753 square feet at 120 Park Avenue in Midtown Manhattan. The transaction was the fifth largest office lease in New York City for 2025.

Located directly across from Grand Central Terminal, 120 Park Avenue is a 26-story Class A office tower owned by Global Holdings. Bloomberg first moved into the building in 2011 and currently occupies 20 floors. The renewed lease underscores the property’s premier location and Global Holdings’ ability to meet the evolving needs of global businesses.

Nichole Cortese, chair of the firm’s Commercial Real Estate Leasing practice, represented Global Holdings in connection with the transaction.