Law Firm Wachtell Lipton Renews 250K SF at CBS Building in Midtown
By Liam La Guerre January 3, 2018 1:58 pm
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Wachtell, Lipton, Rosen & Katz, a law firm that specializes in mergers and acquisitions, antitrust and shareholder litigation and real estate transactions, has signed an early renewal of 250,000 square feet to remain at CBS Corporation’s 51 West 52nd Street.
The law firm, which has represented its landlord CBS in the past, will continue to occupy its space past its June 2019 lease expiration, but the length of the deal was not immediately clear. The firm occupies the entire 25th through 34th floors, according to CoStar Group. The asking rent in the renewal was not immediately clear.
A spokeswoman for the law firm did confirm the transaction when reached by Commercial Observer but declined to provide further information, including how long it will continue to occupy the space. Spokespersons for CBS did not immediately return requests seeking comment.
One of Wachtell Lipton’s recent corporate legal fights was representing health services organization Cigna Corp. against health insurance company Anthem, which sued each other following the collapse of a $48 billion merger, as was widely reported. In May 2017, a judge ruled in favor of Cigna, according to Bloomberg Business. The law firm is currently representing agricultural biotechnology company Monsanto in its $66 billion acquisition by Bayer AG.
Moshe Sukenik and Lance Korman of Newmark Knight Frank worked with Savills Studley’s Mitch Steir and Howard Nottingham to broker the deal for the tenant. Michael Laginestra of CBRE represented CBS in the transaction but did not return a spokesman’s request for comment.
The Real Deal first reported the deal.
