L.A. Law Firm Grabs Three Floors at 77 Water; Goldman to Pay for Build-Out
Tom Acitelli Jan. 19, 2010, 10:51 a.m.
With its 75,716-square-foot lease at 77 Water Street, Los Angeles-headquartered law firm Lewis Brisbois Bisgaard & Smith has more than doubled its Lower Manhattan office space. Moving down the street from its offices at 199 Water, the law firm signed a 10-year deal with Goldman Sachs, which is subleasing the entire building. Goldman, which never occupied the building, will cover the entire cost of Lewis Brisbois’ build-out. The lease covers three floors, according to Crain’s.
“Lewis Brisbois hit the market at just the right time,” said Marc Shapses, the Studley broker who represented the law firm with Craig McKenna. “The firm had outgrown its space at 199 Water. With several well-priced, quality options in the marketplace, we were able to take our time to determine the most appropriate building with space that could accommodate the firm’s size today, as well as in the future, with the right economics.”
Adam Foster of CB Richard Ellis also represented the tenant. Cushman & Wakefield‘s Louis D’Avanzo and Robert Constable repped Goldman.