One of Country’s Oldest Real Estate Law Firms Renews Lease at 120 Broadway
Emmet, Marvin & Martin, a real estate services law firm, will keep its 53,000-square-foot offices at 120 Broadway, Commercial Observer has learned.
The firm, one of the oldest in the U.S., signed a 15-year lease to keep the entire 32nd floor at landlord Silverstein Properties’ 40-story office tower—also known as the Equitable Building—between Pine and Cedar Streets, according to Cushman & Wakefield, which represented the tenant in the deal.
A spokesman for C&W would not provide the rent for the space, but CO previously reported asking rents in the building are in the mid-$50s per square foot.
“A tenant since 1991, this renewal maintains Emmet, Marvin & Martin’s longstanding presence at 120 Broadway,” C&W’s Michael Norris, who brokered the deal with Nicholas Dysenchuk and Robert Lowe, said in a statement. “The space will undergo a full renovation, modernizing their classic law firm space and further strengthening the efficiency of the partnership.”
Roger Silverstein and Joseph Artusa handled the deal in-house for Silverstein Properties.
“As a tenant at 120 Broadway for over two decades, we look forward to maintaining our relationship with Emmet, Marvin & Martin LLP as they continue to conduct business here,” Artusa said in a statement.
Emmet, Marvin & Martin was founded in 1805 by Thomas Addis Emmet with its first offices at the site where the Equitable Building currently stands, according to C&W.
Other tenants in the landmarked 1.9-million-square-foot office tower include the New York City Department of City Planning, international publishing company Macmillan Publishers and architecture firm Beyer Blinder Belle.