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	<title>The Commercial Observer &#187; Akermann Senterfitt Takes 48,000 Sq. Ft. at 666 Fifth Avenue </title>
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		<title>The Commercial Observer &#187; Akermann Senterfitt Takes 48,000 Sq. Ft. at 666 Fifth Avenue </title>
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		<title>Akermann Senterfitt Takes 48,000 Sq. Ft. at 666 Fifth Avenue</title>

		<comments>http://commercialobserver.com/2012/07/akermann-senterfitt-takes-48000-sq-ft-at-666-fifth-avenue/#comments</comments>
		<pubDate>Thu, 05 Jul 2012 13:00:02 -0400</pubDate>
					<link>http://commercialobserver.com/2012/07/akermann-senterfitt-takes-48000-sq-ft-at-666-fifth-avenue/</link>
			<dc:creator>Daniel Edward Rosen</dc:creator>
				
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		<description><![CDATA[<p><strong>Akerman Senterfitt</strong>, a transactions and trial law firm based in Florida, has signed a 48,000-square-foot lease for two floors at <strong>666 Fifth Avenue, </strong>the <strong>Kushner Companies-</strong>owned office tower that recently received a fresh infusion of capital from <strong>Vornado Realty Trust. </strong></p>
<p><div id="attachment_235289" class="wp-caption alignleft" style="width: 209px"><a href="http://www.commercialobserver.com/2012/07/akermann-senterfitt-takes-48000-sq-ft-at-666-fifth-avenue/666-fifth/" rel="attachment wp-att-235289"><img class="size-medium wp-image-235289" title="666 fifth" src="http://www.commercialobserver.com/files/2012/07/666-fifth-199x300.jpg" alt="" width="199" height="300" /></a><p class="wp-caption-text">666 Fifth Avenue (photo courtesy of Property Shark)</p></div></p>
<p>The law firm will be taking the 19th and 20th floors in the building. <strong>Orrick Herrington &amp; Sutcliffe</strong>, another law firm, formerly occupied those two floors, as was first reported by <a href="http://www.nypost.com/p/news/business/rack_out_of_closet_xPymODGobWyoxcVdYKmHfP" target="_blank">Lois Weiss of <em>The New York Post</em></a>. The asking rent was in the low $80s-a-square foot<strong>, </strong>according to sources.</p>
<p>The lease is for 13 years.</p>
<p><strong>Frederick Marek</strong> of <strong>The Vortex Group </strong>represented Akerman Senterfitt in the deal.  <strong>Tom Costanzo, Glen Weiss, </strong>and <strong>Jared Solomon</strong>, all of <strong>Vornado, </strong>represented the firm in-house. Phone calls to Vornado were not returned Thursday. <!--more--></p>
<p><strong>Jared Kushner, </strong>the owner of 666 Fifth Avenue, is also the owner and publisher of <em>The Commercial Observer. </em>He did not immediately return phone calls requesting comment.</p>
<p>Last December, Vornado pledged $80 million of equity in the 39-story office tower while embarking on an ambitious capital improvement program. Around that same time, the building had upwards of 250,000 square feet of availability.</p>
<p>"We took all the space off the market as the building was being recapped," said a person close to the deal. A marketing center was set up in the building's 23rd floor which showcased the building's new "sharp modern image."</p>
<p>Ackerman Senterfitt, which was outgrowing its space at <strong>335 Madison Avenue,</strong> explored the 19th and 20th floors as the space was technically off  the market.</p>
<p>"They liked the layouts," said a person familiar with the deal. The firm is slated to move into the space in the first quarter of 2013 and is currently remodeling the space.</p>
<p>"They are going to aesthetically freshen up the space," said the person. "They are going to do some construction, but not blow up the floors."</p>
<p><em>drosen@observer.com </em></p>
<p>&nbsp;</p>
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		<content:encoded><![CDATA[<p><strong>Akerman Senterfitt</strong>, a transactions and trial law firm based in Florida, has signed a 48,000-square-foot lease for two floors at <strong>666 Fifth Avenue, </strong>the <strong>Kushner Companies-</strong>owned office tower that recently received a fresh infusion of capital from <strong>Vornado Realty Trust. </strong></p>
<p><div id="attachment_235289" class="wp-caption alignleft" style="width: 209px"><a href="http://www.commercialobserver.com/2012/07/akermann-senterfitt-takes-48000-sq-ft-at-666-fifth-avenue/666-fifth/" rel="attachment wp-att-235289"><img class="size-medium wp-image-235289" title="666 fifth" src="http://www.commercialobserver.com/files/2012/07/666-fifth-199x300.jpg" alt="" width="199" height="300" /></a><p class="wp-caption-text">666 Fifth Avenue (photo courtesy of Property Shark)</p></div></p>
<p>The law firm will be taking the 19th and 20th floors in the building. <strong>Orrick Herrington &amp; Sutcliffe</strong>, another law firm, formerly occupied those two floors, as was first reported by <a href="http://www.nypost.com/p/news/business/rack_out_of_closet_xPymODGobWyoxcVdYKmHfP" target="_blank">Lois Weiss of <em>The New York Post</em></a>. The asking rent was in the low $80s-a-square foot<strong>, </strong>according to sources.</p>
<p>The lease is for 13 years.</p>
<p><strong>Frederick Marek</strong> of <strong>The Vortex Group </strong>represented Akerman Senterfitt in the deal.  <strong>Tom Costanzo, Glen Weiss, </strong>and <strong>Jared Solomon</strong>, all of <strong>Vornado, </strong>represented the firm in-house. Phone calls to Vornado were not returned Thursday. <!--more--></p>
<p><strong>Jared Kushner, </strong>the owner of 666 Fifth Avenue, is also the owner and publisher of <em>The Commercial Observer. </em>He did not immediately return phone calls requesting comment.</p>
<p>Last December, Vornado pledged $80 million of equity in the 39-story office tower while embarking on an ambitious capital improvement program. Around that same time, the building had upwards of 250,000 square feet of availability.</p>
<p>"We took all the space off the market as the building was being recapped," said a person close to the deal. A marketing center was set up in the building's 23rd floor which showcased the building's new "sharp modern image."</p>
<p>Ackerman Senterfitt, which was outgrowing its space at <strong>335 Madison Avenue,</strong> explored the 19th and 20th floors as the space was technically off  the market.</p>
<p>"They liked the layouts," said a person familiar with the deal. The firm is slated to move into the space in the first quarter of 2013 and is currently remodeling the space.</p>
<p>"They are going to aesthetically freshen up the space," said the person. "They are going to do some construction, but not blow up the floors."</p>
<p><em>drosen@observer.com </em></p>
<p>&nbsp;</p>
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