Madoff Victims’ Counsel Renews in Rockefeller Center
Laura Kusisto May 31, 2011, 2:28 p.m.
Baker Hostetler has renewed 120,000 square feet at 45 Rockefeller Plaza.
As The Observer reported in March, the world’s 85th-largest law firm, which represented Bernie Madoff’s victims in their search for lost treasure, was negotiating to lock down a deal back then. The firm initially subleased 100,000 square feet on the ninth, 10th and 11th floors from Ropes and Gray beginning in 2006, and last year quietly added 20,000 feet more.
Tishman Speyer represented the landlord in-house in the renewal of the space. John Maher, Paul Myers and Tom Shirocky of CB Richard Ellis represented the tenant in this deal.
Asking rents in Rockefeller Center can climb into the $80’s a square foot, but as of January the firm had received $128 million for its Madoff work, so we doubt that hurts too much.