The firm signed a 10-year lease for 27,488 square feet on the 21st floor of the 47-story tower on the corner of Broadway and West 41st Street, according to brokers from Avison Young. Asking rent was in the high-$70s per square foot, a source with knowledge of the deal said.
Norris McLaughlin—which has offices in Bridgewater, N.J. and Allentown, Pa.—will move from its current digs at 875 Third Avenue to the Times Square building in early 2020, the source said.
Avison Young’s Mitti Liebersohn, Jennifer Ogden and J.C. Giordano brokered the deal for Norris McLaughlin. Boston Properties handled it in-house via Andy Levin and Heather Kahn along with Peter Turchin and Caroline Merck of CBRE. The CBRE brokers did not respond to a request for comment through a spokeswoman.
“Boston Properties provided a compelling deal for Norris McLaughlin at 7 Times Square Tower with a turnkey solution that addressed all of our client’s needs,” Lieberson said in a statement. “We conducted an exhaustive tour of other suitable options in the Midtown area, but 7 Times Square Tower really stood out as the ideal choice for a law firm space buildout that would improve operating efficiencies for Norris McLaughlin.”
The 1.2-million-square-foot 7 Times Square Tower was built in 2004 and designed by architect David Childs of Skidmore, Owings & Merrill, as CO previously reported. The tower is occupied by several other law firms including O’Melveny & Myers, Pryor Cashman and Manatt, Phelps & Phillips.