Regional Law Firm Chiesa Shahinian & Giantomasi Takes Bigger Digs at 11 Times Square
By Nicholas Rizzi January 6, 2020 4:42 pmreprints
Law firm Chiesa Shahinian & Giantomasi (CSG) inked a deal to nearly double its presence in 11 Times Square, Commercial Observer has learned.
CSG signed a 10-year lease for 8,191 square feet on parts of the 34th floor of the 40-story office tower at 640 Eighth Avenue between West 41st and West 42nd Streets, according to SJP Properties, which owns the building with PGIM and Norges Bank. Asking rents in the property are up to $110 per square foot.
New Jersey-based CSG — which was founded 45 years ago and was formerly called Wolff & Samson — has had offices of nearly 5,000 square feet on the 31st floor of 11 Times Square since 2016, but the law firm needed larger digs so it could add more lawyers to its Manhattan practice, according to CSG. It plans to move into its new space, which SJP’s third-party construction management division is building out, in May.
“Cementing the trust of our tenants and providing hotel-level concierge services within our state-of-the-art development at 11 Times Square allows us to keep companies here for the long term,“ SJP’s senior vice president Zach Freeman said in a statement. “We pride ourselves on our ability to offer superior management, tenant relations services, and true partnership to prestigious firms such as CSG, and ensuring that they can expand their operations in a space where they have found success and feel at home.”
There were no brokers involved in the deal, a spokeswoman for SJP said.
Other tenants in the 1.1-million-square-foot 11 Times Square include E-Trade, Microsoft, Bank of America (BAC) and investment bank Ducera Partners, which signed on to take 29,089 square feet in the building in November 2019, as CO previously reported.