Long Island-based Farrell Fritz is upping its New York City foothold by moving to Charles S. Cohen’s 622 Third Avenue, where the law firm will double its current size.
Commercial Observer has learned that the firm will move this spring into 8,200 square feet at the 163,337-square-foot building between East 40th and East 41st Streets, also known as Grand Central Plaza. Farrell Fritz signed an 11-year lease, which had an asking rent of $67 per square foot, according to a press release from the landlord.
For its New York City digs, Farrell Fritz currently leases about 4,000 square feet one block west at 370 Lexington Avenue between East 40th and East 41st Streets, the release indicates. The firm, which specializes in corporate litigation and business issues, is headquartered at 1320 RXR Plaza in the Uniondale section of Long Island.
Marc Horowitz, the head of leasing for Cohen Brothers Realty Corporation, represented the landlord along with David Glassman, Robert Tunis, Joseph Cabrera and Eric Ferriello of Colliers International, while Michael Poch and James Robbins of CBRE represented the tenant in the Third Avenue move. Mr. Horowitz was not immediately available for comment, nor was the Colliers team. Mr. Poch declined to comment via a spokeswoman.
Mr. Cohen’s building has drawn a slew of tenants as of late, especially in the employment services sector. CO reported last week that British employment agency Phaidon International had inked a 15,500-square-foot deal at 622 Third Avenue. Michael Page International, another employment agency, signed a lease in October for 26,500 square feet at the building.