Law Firm Nicoletti Gonson Spinner Renews Offices at ATCO’s 555 Fifth Avenue
Insurance litigation law firm Nicoletti Gonson Spinner is staying put at 555 Fifth Avenue after renewing its 12,500 square feet of office space at the Midtown office building, Commercial Observer has learned.
Nicoletti Gonson Spinner signed a five-year deal late last month to extend its lease at the 20-story, 225,000-square-foot property at the southeast corner of East 46th Street, according to representatives for landlord ATCO Properties & Management. The law firm’s New York City office has occupied part of the eighth floor at 555 Fifth Avenue since 2006, with its new lease commencing in January 2019.
Asking rent in the deal was $64 per square foot, per ATCO, which was represented in-house by Jerry Suchman and John Walker of ATCO Brokerage Services. Nicoletti Gonson Spinner had no outside broker representation.
In a statement, ATCO co-President Kate Hemmerdinger Goodman described the law firm as “a mainstay at 555 Fifth Avenue for more than 12 years,” and said the landlord is “delighted to extend our relationship for many years to come.”
“Given its visibility, high foot traffic and convenience of being in close proximity to Grand Central Terminal, 555 Fifth Avenue remains an ideal Midtown location,” Hemmerdinger Goodman said.
Other office tenants at the building include law firm Warshaw Burstein and real estate industry executive search consultancy Rhodes Associates. Retail tenants include Barnes & Noble and cosmetics retailer L’Occitane en Provence, which inked a lease for a new 3,400-square-foot flagship store at the property earlier this year.