Law Firm Day Pitney Takes Full Floor at Fisher Bros.’ 605 Third Avenue
By Rey Mashayekhi August 9, 2018 11:15 am
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Law firm Day Pitney is moving its New York City offices from Times Square to Midtown East after inking a deal for nearly 20,000 square feet of space at landlord Fisher Brothers’ 605 Third Avenue, Commercial Observer has learned.
Day Pitney signed a 10-year, 19,871-square-foot deal to take the entire 31st floor at the 44-story, 1.1-million-square-foot tower between East 39th and East 40th Streets, according to sources with knowledge of the transaction. The law firm is expected to relocate in the first quarter of 2019 from its current location at Boston Properties (BXP)’ 7 Times Square, also known as Times Square Tower.
Asking rent in the deal was in the mid-$70s per square foot, sources said. Ken Siegel and Chris Kraus of JLL (JLL) represented Day Pitney in the transaction, while Fisher Brothers was represented in-house by Marc Packman and Clark Briffel as well as a Cushman & Wakefield (CWK) team of Bruce Mosler, Louis D’Avanzo, Andrew Ross, Michael Baraldi and Maria Travlos.
In a statement, Fisher Brothers Partner Ken Fisher said the recently renovated 605 Third Avenue “continues to attract the city’s premier companies that are drawn to its innovative design, top-quality office space and high-end tenant services.”
The landlord tapped architecture and interior design firm Rockwell Group to helm a $25 million capital improvement program at the property, which included the construction of a new building entrance and a larger, revamped lobby.
Fisher Brothers also tapped event and meeting space provider Convene earlier this year to create a tenant amenity center on the building’s seventh floor, which will feature a café and an outdoor terrace as well as meeting, event and conference spaces.
The deal with Day Pitney is the latest in a slew of new leases that Fisher Brothers has inked at 605 Third Avenue this year. Financial services marketing firm FMCG Direct agreed to take the entire 37th floor earlier this summer, as CO reported at the time, while the Turkish Consulate General and the Permanent Mission of Japan to the United Nations also signed deals for roughly 20,000 square feet and 50,000 square feet, respectively, earlier this year.
Other tenants at the office tower include include business publishing and events company Informa, Spanish-language television broadcaster Univision and the United Nations Population Fund.
Representatives for JLL and C&W did not immediately return requests for comment.
