Law Firm Renews, Expands at 230 Park Avenue
By Gus Delaporte December 13, 2013 4:00 pm
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McKenna Long & Aldridge LLP has signed a 12-year renewal at Monday Properties’ 230 Park Avenue.
The law firm has increased its space by 2,000 square feet in the deal and will now occupy 32,052 square feet on the entire 17th and a portion of the 18th floor. The tenant has increased its space in the building by 50 percent since moving in in 2007.
“With McKenna Long & Aldridge’s six-year history in the building, we were able to build on our existing relationship,” said Anthony Westreich, chief executive of Monday Properties, in a prepared statement.
Monday Properties acquired 230 Park Avenue in partnership with Goldman Sachs (GS) in 2007. Goldman later sold its stake in the building to Invesco in 2011. Since that time, ownership has overseen over $100 million in capital improvements which have resulted in 230 Park Avenue becoming the first Pre-War office building to achieve LEED Gold certification.
The landlord has signed over 340,000 square feet of leases since March of this year. As reported by The Commercial Observer, Reed Elsevier signed a 71,000-square-foot lease on the building seventh floor and will relocate the offices of its Lexis/Nexis information service there.
McKenna Long & Aldridge was represented by Robert W. Thuss Jr. of Cushman & Wakefield (CWK). Jordan Berger represented the landlord in-house alongside Paul Glickman, Frank Doyle, Jonathan Fanuzzi, and David Kleiner of Jones Lang LaSalle.
Representatives of the landlord did not immediately return requests seeking comment.
