Brookfield Fills 660 Fifth Avenue with Scotiabank Lease in Under Four Years
Brookfield Properties successfully fills 660 Fifth Avenue with Scotiabank lease, demonstrating their efficient and profitable land use strategies.
It's no secret that Brookfield Properties is a powerhouse in the real estate industry, and their latest achievement at 660 Fifth Avenue only solidifies their reputation. In just under four years, they have managed to fully occupy the once-empty shell of 666 Fifth Avenue, thanks to their latest lease deal with Scotiabank. According to Crain's, Scotiabank has signed a lease for 205,000 square feet at the Midtown Manhattan property, taking over the fifth, sixth, and seventh floors. While Brookfield did not disclose the exact terms of the deal, CoStar estimates that asking rents at the property range from $88 to $108 per square foot. Interestingly, Scotiabank is expected to relocate from another Brookfield property, 250 Vesey Street, to open an office at 660 Fifth Avenue in 2027. This news raises questions about the fate of Scotiabank's previous space, as well as the potential for more lucrative deals between the bank and Brookfield in the future. This latest success for Brookfield only adds to their impressive portfolio, which includes other high-profile properties such as Manhattan West and One Manhattan West. Their ability to attract top tenants and fill vacancies quickly is a testament to their expertise in the industry. As always, the exact details and motivations behind this deal may never be fully known, but one thing is for sure - Brookfield is a force to be reckoned with. Originally reported by The Real Deal. https://therealdeal.com/new-york/2025/09/17/brookfield-brings-660-fifth-to-full-occupancy/