Leases   ·   Office Leases

Law Firm Latham & Watkins Grows by 131K SF at 1285 Avenue of the Americas

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Latham & Watkins, a law firm specializing in corporate, finance, litigation and regulatory issues, has expanded its offices at RXR’s 1285 Avenue of the Americas by approximately 131,354 square feet, bringing its total footprint at the office tower to a whopping 251,354 square feet, according to a February Manhattan office report from Colliers

The expansion comes just seven months after Latham & Watkins signed a 12-year, 120,000-square-foot lease in the building. That deal added space to the law firm’s larger office presence in New York City, which includes more than 435,000 square feet one block away  at Rockefeller Group’s 1271 Avenue of the Americas

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The length of the new lease is for 11 years. The asking rent was not disclosed, but the average asking rent for office space in Midtown was $84.28 per square foot in February, according to Colliers.

The law firm was represented by Scott GamberCraig Reicher and Emily Chabrier of CBRE. RXR was represented in-house by William Elder and Daniel Birney, as well as by CBRE’s Robert Alexander, Ryan Alexander, Taylor Callaghan, Alexander Benisatto and Walter Graham. JLL‘s Patrick Murphy also represented RXR. 

We are pleased that Latham & Watkins has expanded its tenancy at 1285 Avenue of the Americas,” Elder said in a statement. “RXR remains committed to delivering a best-in-class office experience.”

1285 Avenue of the Americas is a 39-story, Class A office tower between West 51st and West 52nd streets. Other tenants include Japanese bank Mizuho Financial Group, law firm Ropes & Gray, and Swiss bank UBS

News of Latham & Watkins’ expansion came during a bit of a slowdown for office activity in Manhattan in February. The borough’s total office leasing activity during the month — 2.23 million square feet — was down 39.5 percent compared to January, while Manhattan’s overall office availability rate grew for the first time in two years by 0.1 percent, according to Colliers.

Amanda Schiavo can be reached at aschiavo@commercialobserver.com