Law Firm Moses & Singer Re-Ups Lease at Chrysler Building
Law firm Moses & Singer has renewed its lease for 73,485 square feet of the Chrysler Building at 405 Lexington Avenue, according to brokers on the deal.
Moses & Singer signed a 15-year lease to remain on the 12th and 13th floors of Tishman Speyer’s landmarked Midtown tower between East 42nd and East 43rd Streets, The New York Post first reported. Asking rent was $65 per square foot, according to a spokesman for Colliers International, which brokered the deal for the law firm.
The firm had two-and-a-half years on its current lease in the Chrysler Building—which it signed in 2005—but re-upped early because it wanted to stay in “one of New York’s truly iconic addresses,” Michael Cohen, the tri-state president of Colliers, said in a statement. Colliers will also serve as the project manager on a redesign of Moses & Singer’s office space.
Cohen represented Moses & Singer in the deal along with colleagues Robert Tunis, Eric Ferriello and Jessica Verdi while Tishman Speyer handled it in-house. A spokesman for the landlord did not immediately respond to a request for comment.
“Our new lease provides stability and continuity for the firm, and it also enables us to make our space more efficient to accommodate future growth,” Alan Kolod, a chairman at Moses & Singer, said in a statement. “We are excited to enter into our new lease on the eve of our centenary, and happy to have avoided the distraction and stress of a pending lease expiration.”
Other tenants in the 77-story Chrysler Building include coworking firm Spaces, law firm Clyde & Co and investment banking firm Maxim Group.