Schreck Rose Dapello Adams Berlin & Dunham, a law firm that has represented Sarah Jessica Parker, Amy Schumer and Saturday Night Live’s Aidy Bryant, has signed a 13-year, 11,600-square-foot lease at Vornado Realty Trust’s 888 Seventh Avenue.
The entertainment and movies-focused law practice will take part of the 19th floor of the 47-story building between West 56th and West 57th Streets. The asking rent in the transaction was in the low $80s per square foot but the taking rent was in the $70s per square foot, according to The Real Deal, which first reported news of the deal.
Schreck Rose is planning to move early next year from its current address at 5 Columbus Circle, where it has 10,240 square feet on part of the 20th floor, according to CoStar Group.
The reason for the move is the law firm’s view of Central Park is being blocked, ironically, by Vornado’s new 220 Central Park South residential condominium, a source with knowledge of the deal told Commercial Observer. Also Schreck Rose had been in its space for approximately 15 years and its new digs at 888 Seventh Avenue will be custom built out by Vornado.
A spokesman for Vornado declined to comment on the transaction.
Jared Solomon of Vornado handled the deal on behalf of the landlord, TRD reported. Coldwell Banker Commercial Advisors’ Jeffrey Rosenblatt represented the law firm in the transaction. Rosenblatt declined to comment on the transaction to CO.
The 880,000-square-foot building at 888 Seventh Avenue is also home to private equity firm TPG Capital (the parent company of Cushman & Wakefield), United Talent Agency and hedge fund Hutchin Hill Capital. Vornado also has its offices there.