Law Firm Steptoeing Into 1114 Sixth
Laura Kusisto March 3, 2011, 12:59 p.m.
Steptoe & Johnson, the international law firm Qadaffi wishes he could get to represent him, is relocating its New York City office to the Grace Building.
The firm, which is currently spread across three floors at 750 Seventh Avenue, has signed a long-term lease for 31,000 square feet, or the entire 35th floor, of the oddly curved building at 1114 Sixth Avenue, on the edge of Bryant Park.
“The space, building, and location are a perfect fit,” said Studley‘s Daniel Horowitz, who represented the tenant in the firm’s first lease in New York City in 2004, at 750 Seventh. “We uncovered a space solution that not only satisfies Steptoe’s desire to accommodate its entire New York practice on one floor, but we also minimized the expected capital to prepare the space for Steptoe’s occupancy.”
“We are looking forward to moving to the Grace Building,” said Paul Kruse, the law firm’s chief operating officer. “Our new space places Steptoe in the heart of mid-town Manhattan, gives our New York office ample room to grow, and lies close to all transportation hubs,” he said. There were also the sweeping views of Wall Street and a location close (but not too close) to Lawyers’ Lane in Times Square, where most of the city’s top law firms are now located.
Studley‘s Mr. Horowitz and Jeffrey Peck represented the tenant. The landlord, Brookfield Office Properties, was represented in-house by Duncan M. McCuaig.
Steptoe & Johnson is expected to move in the summer, joining other tenants in the 49-story building, such as Baker & McKenzie LLP, HBO, and Cooley LLP. Robert Epstein of Newman Ferrara LLP represented the tenant as attorney, while Raymond A. Sanseverino and Joe De Vesta of Loeb & Loeb LLP represented the landlord.