Law Firm Knobbe Martens Moving Offices to 1155 Avenue of the Americas
Intellectual property law firm Knobbe Martens will move its New York City offices across the street to 1155 Avenue of the Americas, Commercial Observer has learned.
The firm signed a five-year, seven-month lease for 16,563 square feet on the entire 24th floor of the 41-story building between West 44th and West 45th Street, a spokesman for landlord the Durst Organization said. Asking rent was $95 per square foot.
Knobbe Martens is based in Irvine, Calif., and opened up a 5,976-square-foot New York City outpost in April 2017 in Durst’s 1133 Avenue of the Americas, the spokesman said. The firm plans to move to its new offices in September.
Thomas Yee represented Knobbe Martens in-house while Durst’s Rocco Romeo, Ashlea Aaron and Tanya Grimaldo handled it for the landlord. A spokesman for Knobbe Martens did not immediately respond to a request for comment.
“We take particular pride in relocating tenants within our portfolio as they grow and adapt to a changing market,” Jonathan “Jody” Durst, president of Durst, said in a statement. “By moving to another property within the Durst portfolio, tenants can maintain the same high level of service that have come to expect from us over the last 100 years.”
Aside from the Knobbe Martens deal, the Durst also announced property and casualty insurer Chubb will open a new, 8,348-square-foot office in 1155 Avenue of the Americas.
Chubb signed a five-and-a-half-year lease for part of the 11th floor of the 790,000-square-foot property, according to Durst. Asking rent was $85 per square foot.
The company—which also has a 45,910-square-foot office at 1133 Avenue of the Americas—plans to move into its new digs later this month.
Durst handled the deal in-house by Tom Bow, Romeo and Grimaldo. Martin Horner of JLL (JLL) represented Chubb. Horner did not immediately respond to a request for comment via a spokesman.
Last year, Durst completed a $130 million renovation of 1155 Avenue of the Americas which added a new lobby, new windows and a rooftop pavilion. Other tenants in the building include law firm Perkins Coie, residential brokerage Keller Williams and Verizon.