AIG Building Sale Prompts D’Amato & Lynch To Relocate to 2 World Financial
By Dana Rubinstein January 28, 2010 9:02 pm
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Law firm D’Amato & Lynch, forced to find new digs after its old landlord, AIG, sold its headquarters at 70 Pine Street last year, has found a new landlord: Bank of America (BAC).
The corporate law firm has signed a sizable sublease in Merrill Lynch’s (now Bank of America’s) former offices at 2 World Financial Center, the office megaplex owned by the Canada-based real estate concern Brookfield (BN) Properties. The merger of Merrill Lynch and Bank of America, coupled with the construction of Bank of America’s glorious new skyscraper at One Bryant Park, has saddled the bank with a surfeit of office space. Bank of America now leases all 2.6 million square feet in 2 World Financial, and 4.2 million square feet overall in the World Financial Center.
When D’Amato & Lynch attorneys relocate, they will find themselves just one floor above law firm Sonnenschein, Nath & Rosenthal, which signed a 135,000-square-foot sublease from Bank of America there last year.
D’Amato & Lynch’s 52,000-square-foot sublease encompasses part of the 29th floor and all of the 30th, according to firm administrator Cheryl Lipner. The new offices are about the same size as the old, though they have a far more open layout. In the slender 70 Pine, D’Amato Lynch occupied nine floors.
The law firm was represented in its offce hunt by Pamela Walsh, a principal at Byrnam Wood. Jones Lang LaSalle senior VP Edward DiTolla and managing director John Ryan represented Bank of America in the transaction. None of the aforementioned brokers would comment for this story.
drubinstein@observer.com
