Davis Wright Tremaine Relocating Within 1251 Avenue of the Americas to 53K SF
By Mark Hallum January 9, 2025 12:36 pm
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Davis Wright Tremaine is relocating within the confines of 1251 Avenue of the Americas, Commercial Observer has learned.
The general practice law firm is moving its operations from the 21st floor to 53,000 square feet on the 42nd floor and part of the 41st floor of the Mitsui Fudosan America-owned building, according to a source with knowledge of the deal.
The length of the lease was not disclosed but the asking rent was $105 per square foot.
David Wright Tremaine first moved into a 42,000-square-foot office on the 21st floor of 1251 Avenue of the Americas in 2014, as CO previously reported.
Savills’ David Goldstein and Gabe Marans negotiated on behalf of Davis Wright Tremaine in the deal while Newmark (NMRK)’s David Falk, Peter Shimkin and Eric Cagner. Savills did not immediately respond to a request for comment while Newmark declined to comment.
Other tenants in the 54-story building between West 49th and West 50th streets include Daiwa Capital Markets, which signed a deal for 44,100 square feet in August; law firm Sullivan & Worcester, which took 41,900 square feet in May; and financial adviser Solomon Partners with a 70,662-square-foot deal in December 2023.
Mark Hallum can be reached at mhallum@commercialobserver.com.
