Law Firm Grows Indoors and Outdoors at Durst Property
Tobias Salinger Dec. 2, 2014, 4:44 p.m.
Real estate law firm Rosenberg & Estis has expanded to the 7,442-square-foot 19th floor and a 4,800-square-foot terrace below at the Durst Organization‘s 733 Third Avenue, Commercial Observer has learned.
The firm that provides representation in all types of commercial and residential transactions now occupies 42,764 square feet on the entire 12th, 14th and 19th floors. But that footprint doesn’t include the new outdoor space on a previously inaccessible green roof of the 24-story tower where asking rents run for $62 per square foot, officials with Durst said.
“As part of the negotiations, we decided to make that space available as part of the package,” said David Neil, Durst’s leasing and marketing chief administrative officer. “This setback on the 12th floor will be the first time that we’ve made outdoor space available to a tenant in our portfolio.”
Mr. Neil and his Durst colleague Tom Bow represented the landlord in-house in the 10-year deal. Rosenberg members Michael Lefkowitz and William Byers negotiated in-house on behalf of the law firm, which has operated from the building for 20 years. The firm looks forward to beginning work installing a space for lunchtime, breaks and the occasional client meeting on its terrace, Mr. Lefkowitz said.
“We’re very happy with the building and the location really works for us,” said Mr. Lefkowitz, adding that the new deck “certainly helped solidify” the renewal and expansion. “We really see it as an enhancement and an amenity to our firm.”
Durst officials are also currently implementing a new outdoor space overlooking Bryant Park at 1133 Avenue of the Americas, where floors two through ten are available, Mr. Neil said.