Goodwin Procter Expands NYC Footprint with Major Midtown Lease
Global law firm Goodwin Procter has signed a significant office lease for 10 floors at 599 Lexington Avenue, marking one of the largest office transactions in New York City so far in 2025. The firm is relocating from its current headquarters at the nearby 620 Eighth Avenue, a move reflecting ongoing shifts in commercial real estate and workplace planning among professional services companies.
Goodwin will occupy approximately 215,000 square feet across the new Park Avenue tower, which is owned by Boston Properties. The new office is expected to undergo a full renovation prior to the firm’s planned move-in date later this year. The lease includes a long-term commitment, underscoring the firm’s continued investment in its presence in the city.
This major office deal signals a continued rebound in New York City’s commercial leasing market after a period of pandemic-driven contraction. Notably, the transaction also illustrates how professional service firms — including law and financial firms — are resizing and reconfiguring their spaces to optimize hybrid work, recruit talent, and enhance client-facing capabilities.
For FMCG professionals, the news is particularly relevant in the context of retail and service-sector demand across Manhattan. As companies like Goodwin Procter recommit to centrally located offices, there is likely to be a ripple effect on foot traffic, local retail, and foodservice operations. Surrounding FMCG-driven sectors — from convenience retail to coffee chains — stand to benefit from the increased daytime population and stability these long-term leases bring.
Boston Properties completed upgrades to the 599 Lexington building’s infrastructure and amenities in 2023, including enhanced HVAC systems and collaborative workspaces, features increasingly prioritized by tenants in today’s competitive office market. These improvements may have contributed to finalizing the deal with Goodwin, whose decision supports a broader trend of tenants favoring modernized, amenity-rich buildings over older office stock.
The lease is also a notable win for Boston Properties, which has continued to attract high-profile tenants amid a challenging office leasing environment. For FMCG brands and service providers operating in Midtown, the resurgence of large corporate tenants promises new opportunities in workplace-related consumption and corporate catering sectors.