Law Office Expands, Relocates Within Graybar Building
The law office inked an 11,436-square-foot, 15-year lease in the 31-story building between East 43rd and East 44th Streets, according to information from Cushman & Wakefield. Asking rents were in the mid- to high $60s per square foot. The firm, which has corporate, bankruptcy, tax, real estate and intellectual property attorneys, will relocate within the building after occupying 5,250 square feet on the 24th floor for 15 years. A C&W spokeswoman declined to specify which floor the legal office was moving to.
A C&W team of Alan Wildes, Mark Weiss, Robert Baraf and Gary Ceder represented the tenant in the deal. SL Green handled the transaction in-house with Adam Weissleder and didn’t immediately respond to a request for comment made via spokespeople, nor did anyone from the law firm.
“At Graybar, tenants benefit from a prestigious business address and direct access to Grand Central Terminal,” Wildes said in prepared remarks. “After a full search, the tenant decided to remain in the Graybar Building given the quality of the landlord, the newly designed space and the centrality of the building.”
The 1.5-million-square-foot tower is also home to New York Life Insurance, Metro North Commuter Railroad and SL Green’s corporate offices. Ground-floor retail tenants include Equinox, The Body Shop and Bluemercury.