Lankler Siffert & Wohl Takes 10 Years, 27,872 sq. ft at 500 Fifth Avenue
Daniel Edward Rosen May 23, 2012, 11:35 a.m.
Lankler Siffert & Wohl, a law firm that specializes in civil litigation and white-collar criminal cases, has agreed to renew and expand its lease at 500 Fifth Avenue, growing to a total of 27,872 square feet, The Commercial Observer has learned.
The firm, which has been in the Bryant Park office building for 25 years, renewed its lease for 22,753 square feet on the 33rd and 34th floors of the building while tacking on an additional 5,119 square feet on the 35th floor.
Harry Blair and Sean Kearns, two Cushman & Wakefield brokers who act as the exclusive leasing agents in the building, represented the owner, 500 Fifth Ave. Inc.
Ryan Kass and William Cohen of Newmark Grubb Knight Frank represented Lankler Siffert & Wohl LLP. Messrs. Kass and Cohen were not immediately available for comment. A partner at Lankler Siffert & Wohl did not immediately respond to a request for comment.
The new lease is for 10 years. Average asking rents for the three floors was $69-a-square-foot.
In a statement, Mr. Blair said that Lankler Siffert & Wohl wanted to remain in 500 Fifth Avenue.
“500 Fifth is an exceptional location that offers great transportation and is adjacent to one of New York’s best year-round amenities in Bryant Park,” said Mr. Blair in the prepared statement.
“Additionally, the views and natural light on all floors are exceptional and the windo ratio and shallow floorplates are outstanding for law firms,” he added.
Lankler Siffert & Wohl LLP will now have three floors of contiguous space in the building, which includes an eclectic tenant roster that includes Cathay Pacific and Brown University.
Cushman & Wakefield is currently marketing the 58th and 59th floors of 500 Fifth Avenue, which feature double-height ceilings and slabs that are 16-feet hight.
The penthouse “has to be one of the most special spaces in the entire city,” with views of Bryant Park and beyond, said Mr. Blair. Asking rents for those two top floors start at $85-a-square-foot.