Law Firm Doubles Its Foothold at Chrysler Building
Terence Cullen Sept. 20, 2016, 6:02 p.m.
Lewis Baach Kaufmann Middlemiss, the New York City branch of Washington, D.C.-based law firm Lewis Baach, has signed a deal to renew and double its office footprint to 14,696 square feet at the Chrysler Building.
The firm has occupied the 7,348-square-foot 62nd floor of the 1.2-million-square-foot tower between East 42nd and East 43rd Streets since 2013, according to a press release from tenant representative Handler Real Estate Organization. A spokesman for the brokerage declined to provide the length of the renewal. Now it will add the 64th floor, also 7,348 square feet, which it will assume in later this year.
Asking rent in the deal was not immediately available, but CoStar Group lists the building average at $67 per square foot.
Handler’s Scott Galin and Darrell Handler represented the tenant, while landlord Tishman Speyer represented itself in-house (it wasn’t immediately clear who specifically worked on the deal). A Tishman Speyer spokesman did not immediately comment.
“The law firm is in expansion mode, and wanted to take larger space in one of the most recognizable office properties in the world, while continuing its relationship with Tishman Speyer, one of New York’s most well-regarded owners,” Galin said in prepared remarks.
Tishman Speyer was part of the investment group that bought the Art Deco tower in 1997, and sold an 90 percent stake to the government of Abu Dhabi in 2008 for $800 million.