Law Firm Littler Renews 35K-SF Offices at Paramount’s 900 Third Avenue
Littler agreed to a 12-year extension of its lease on the entire seventh and eighth floors at the 36-story, 600,000-square-foot office tower at the northwest corner of East 54th Street, according to sources with knowledge of the transaction. The law firm has occupied the space since 2008, and the new lease is set to commence in the second quarter of this year.
Asking rent in the deal was $72 per square foot, sources said. CBRE’s Anthony Dattoma, Ken Rapp and Kevin Bender represented Littler, while Paramount Group was represented by an in-house team of Peter Brindley, Doug Neye and Sean Kirk.
“The property offers easy accessibility and is an ideal location for Littler’s clients and employees,” Rapp said in a statement. A spokesman for Paramount Group declined to comment on the transaction.
Other tenants at 900 Third Avenue include merchant bank Carl Marks & Co., hedge fund Zweig-Dimenna Associates and Japanese cosmetics company Shiseido Group’s Americas subsidiary, which plans to vacate the building to relocate to a new 226,000-square-foot space at L&L Holding’s 390 Madison Avenue this fall.