Morelli Alters Ratner Relocates to 777 Third Avenue
Morelli Alters Ratner is relocating its New York offices several blocks south on Third Avenue.
The law firm will move from 950 Third Avenue to a 13,055-square-foot office on the 31st floor of 777 Third Avenue. The office offers floor-to-ceiling windows with views overlooking Midtown and the East River.
Among other activities, the firm is currently heading a class action complaint against Red Bull for its alleged deceptive marketing with its “gives you wing” slogan. The class action suit is one of the many that the company has been known to play an integral role in, recently taking L’oreal and SPF makers to court for anti-aging cream statements.
The landlords, William Kaufman Organization and The Travelers Cos., were represented by in-house broker Michael Lenchner from Sage Realty, a management subsidiary of the Kaufman Organization, and a leasing team from Jones Lang LaSalle consisting of Frank Doyle, Cynthia Wasserberger, Alexis Tener Petrus, Jonathan Schifirin and David Wassel. The tenant was represented by Ivan Hillman, a senior vice president at CBRE.
The deal comes following seven other deals at 777 Third Avenue and neighboring 747 Third Avenue, also owned by the joint venture. Tenants include JSB Partners, Phillips & Paolicelli LLP and Lascaux Resource Capital LLC.
“It’s been the best of both worlds recently, with so many existing tenants renewing their leases, and equally rewarding, receiving such a great response to our high-end prebuilt spaces and turnkey installations, which are offered at both of our towers,” said Mr. Lenchner in a prepared statement. “We look forward to continuing this leasing momentum in the months ahead.”
Asking rents for the remaining offices in the building are upward of $70 per square foot along the Third Avenue corridor.