Davis Shapiro Stakes Ground in Meatpacking District
Boutique entertainment law firm Davis Shapiro Lewit & Hayes will be relocating from its Midtown offices in favor of a hip new Meatpacking District location.
The firm will be taking a fifth floor space sized at 6,885 square feet inside 414 W. 14th Street. The new office will come complete with a brick terrace and a northern views of Chelsea and New York City, as was first reported by The NY Post.
Laurence Briody of CBRE represented Davis Shapiro in the deal. Brad Gerla and Matthew Bergey represented The Carlyle Group which, along with Capstone Equities, serves as the asset managers of 414 W. 14th Street.
Mr. Briody did not immediately respond to an email requesting comment.
The asking rent was $75 a square foot. The lease is for 10 years.
On the third floor, financial firm Capital Access Network took 7,500 square feet. The firm, which has its corporate headquarters in Scarsdale, will be using the entire third floor as its city office.
Elizabeth Juviler, a broker at Rice & Associates, represented the tenant. She declined comment when reached by phone.
In a conversation with The Commercial Observer, Mr. Bergey said that both lease deals spelled zero vacancies at the Meatpacking office building.
“It’s completely leased,” he said.
What helped stock the building up with new tenants was its Meatpacking identity.
“It’s all about the location. It’s a very cool feel and vibe,” added Mr. Bergey.
That vibe perhaps played a roll in Davis Shapiro coming to 414 W. 14th Street. Fred Davis, the founding partner of Davis Shapiro, is the son of Arista Records founder and president Clive Davis.
The 55,000 square foot building was originally designed by Joseph M. Dunn in 1887. 414 W. 14th was refurbished in 2008, which included a “top-to-bottom” modernization, along with high ceilings and exposed brick, according to Capstone Equities’ website.