Kalikow’s 101 Park Avenue Draws Legal Eagles
Terence Cullen April 16, 2015, 2:51 p.m.
Long-term tenants have continued to renew or expand their leases at 101 Park Avenue between East 40th and East 41st Streets.
Morgan Lewis & Bockius, a law firm specializing in business and commercial law, is expanding its foothold in the building by 100,000 square feet—giving it a total 300,000 square feet in the office tower, The New York Post reported. And Curtis, Mallet-Prevost, Colt & Mosle’s 92,000-square-foot lease has been renewed at the 46-story building.
Both law firms have been tenants in the building since it opened in 1982, according to the Post.
Thomas Doughty, Lisa Keill and Barbara Winter of JLL represented Morgan Lewis & Bockius in its expansion. Jared Horowitz and William Mendelson of Newmark Grubb Knight Frank represented Curtis, Mallet-Prevost, Colt & Mosle, which handles international arbitrations and mergers and acquisitions, in its renewal. Cushman & Wakefield represented landlord H.J. Kalikow & Company in both deals.
Spokespeople for the brokers did not return requests for comment.
Asking rents on the lower floors run from $75 to $90 per square foot, while tower floors can go as high as $150 per square foot.
The leases add to a slew of signings at the film-friendly tower, which has been featured in The Avengers, Gremlins 2 and Seinfeld. Fox Rothschild, also a law firm, last month inked a deal for 48,000 square feet in the building—moving across the street from 100 Park Avenue in the 15-year lease. And in February, Hitachi Data Systems signed a lease for 24,250 square feet—the entire 10th floor—at 101 Park Avenue.
Peter Kalikow, the president of H.J. Kalikow & Company, told the Post that firms were drawn to the building’s location, given its proximity to Grand Central Terminal and other modes of mass transit, describing it as the “center of everything.”