Law Firm Relocating NYC Offices to TIAA-CREF’s 685 Third Avenue
Wood Smith Henning & Berman has signed a deal to relocate its New York City office to 685 Third Avenue in Midtown, Commercial Observer has learned.
The Los-Angeles based law firm has inked a 10-year lease for part of the 18th floor of the building between East 43rd and East 44th Streets, a source familiar with the deal told CO. Also billed as WSH&B, it will take 14,231 square feet at the TIAA-CREF-owned structure. Asking rent in the deal was in the low- to mid-$70s per square foot.
WSH&B will slightly increase its office size in the move. Its New York offices are currently based at 222 East 41st Street between Second and Third Avenues. The firm currently has 37 employees based in 12,532 square feet on the 21st floor, according to CoStar.
Matt Astrachan and Clark Finney of JLL represented TIAA-CREF in the 685 Third Avenue deal, while Kirill Azovtsev and Frank Scott, also of JLL, represented the law firm. A JLL spokesman did not immediately return a request for comment, and Mr. Azovtsev declined to comment.
Chang Hwa Commercial Bank in April renewed its lease for 13,600 square feet at the 31-story building, as CO previously reported. That put the building at about 75 percent occupancy. Other tenants in the building include tech firm Salesforce.com, professional services firm Navigant and trade publications company Crain Communications.