Law firm Goetz Fitzpatrick Inks 17,600 SF Lease at 1 Penn Plaza
Law firm Goetz Fitzpatrick has signed 12-year renewal and expansion at 1 Penn Plaza, The Commercial Observer has learned.
The construction and commercial litigation firm moves from its 13,000-square-foot space on the 44th floor to 17,600 square feet on the 31st floor as part of the firm’s ongoing growth plan.
The firm has been in the building, owned and operated by New York-based real estate investment trust Vornado Realty Trust (VNO), since the 1970’s, brokers said.
“The Firm’s practice areas are all doing well, which supports their recent growth,” said Newmark (NMRK) Grubb Knight Frank’s Mark Weiss, who represented the law firm with Robert Eisenberg. “It’s a great building and there’s a long history there between the tenant and the landlord.”
The space is currently being customized with what Mr. Weiss called an “innovative, efficient law firm installation.”
The 57-floor, nearly 2.6-million-square-foot building, designed by Kahn & Jacobs and built in 1972 with structural steel, concrete and grey solar glass and aluminum outside walls, is the tallest building in the Pennsylvania Plaza complex of office buildings, hotels, and entertainment facilities, which is anchored by Madison Square Garden, the Hotel Pennsylvania and Vornado’s office buildings at 1 and 2 Penn Plaza.
Major tenants at 1 Penn Plaza include BMG Columbia House; Cisco Systems; Citigroup (C) Global Markets; Parsons Brinckerhoff; Powerspace; URS Corporation; US Customs; United Healthcare; and Wachovia Securities. Retail space includes K-Mart; Local West; Lugo Café; and Starbucks.
Craig Panzirer represented Vornado Realty Trust in-house. He declined comment.
Vornado is one of the largest owners and managers of commercial real estate in the United States with a portfolio over 100 million square feet, primarily located in the New York and Washington, DC areas.
Messages left with Goetz Fitzpatrick were not returned.