By Gus Delaporte 3/20 5:00pm

Lease Beat

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Law Firm Expands at Silverstein’s 1177 Sixth Avenue

Law firm Drinker, Biddle and Reath has signed a lease for the 15,375-square-foot 38th floor at Silverstein Properties’ 1177 Sixth Avenue.

The firm is expected to move into their new office space in June or July of this year following a renovation, according to Jane Roundell, senior vice president at Cresa, who represented the tenant.

“They will be taking advantage of the fact the space was partially built out and will adapt the existing installation,” noted Jeremy Moss, senior vice president at Silverstein. Asking rents on similar floors in the building are in the low-$80s per square foot, he said. Read More

By Al Barbarino 11/14/12 3:10pm

Post-Tropical Storm Sandy

120 Wall Street (Credit: Silverstein Properties)

Silverstein Properties Reopens 120 Wall

Silverstein Properties reopened 120 Wall Street Wednesday morning for the first time since Hurricane Sandy flooded the 600,000-square-foot building’s basement and damaged electrical distribution equipment.

The company pumped more than one million gallons of water out from the building’s basement and removed contaminants before methodically checking all base systems to get them back up and running, Jeremy Moss, the firm’s vice president of leasing told The Commercial Observer.

“Since the storm we’ve been working around the clock to get the building up and running and to bring tenants back – we succeeded this morning at 8 a.m,” Mr. Moss said. Read More

By Daniel Edward Rosen 7/23/12 3:37pm

World Trade Center

7 World Trade Center (photo courtesy of Silverstein Properties)

WilmerHale Eases Into New 7 World Trade Center Digs

Law firm WilmerHale has moved into its new, energy efficient 210,000 square foot offices at 7 World Trade Center, the company announced earlier this month.

The law firm has moved in 300 employees, 200 of them attorneys, into the new office space that boasts an efficient floor plan and floor-to-ceiling glass walls.

WilmerHale’s lease, when signed in April 2011, was hailed as “groundbreaking” for including language that gave both tenants and owners the benefits of energy efficient improvements. That language was set up by the New York City Mayor’s Office of Long-Term Planning and Sustainability. Read More