The firm, which was a subtenant in the same space of the 31-story building known as International Plaza between East 59th and East 60th Streets, elected to stay put with a direct lease. The asking rent in the five-year deal was $75 per square foot.
“It’s is a Class A building, and has top-notch ownership and ease of commutation,” Cohen Brothers’ Marc Horowitz, who handled negotiations for the landlord in-house, told Commercial Observer. “Being here since 2008, clearly the building fit their bill.”
The 32-year-old law practice specializes in antitrust and trade regulations, as well as bankruptcy, hospitality and real estate law. When Brewer, Attorneys & Counselors initially moved into the building in 2008, its sublandlord was fellow law firm Locke Lord, formerly known as Edwards Wildman Palmer.
In a similar situation, Locke Lord also subleased out its 11th floor to Stemline Therapeutics, which has since signed a direct lease with Cohen Brothers to remain in its same space as Locke Lord’s lease expired, CO previously reported.
Sam Clark of Cushman & Wakefield, who brokered the deal on behalf of Brewer, Attorneys & Counselors, did not immediately return a request for comment.