Accounting Firm Rothstein Kass & Co. Extends and Expands Lease at N.Y. Office
16 Aug, 2011, New York
Cushman & Wakefield announced today that Rothstein Kass, a top-ranked, international accounting and consulting firm, has leased 88,049 square feet at 1350 Avenue of the Americas.
Rothstein Kass, which previously occupied 55,308 square feet on floors 10, 15 and 16, will lease an additional 32,741 square feet and occupy floors 9 and 14 for a total of 88,049 square feet, making them the largest tenant in the building. With the new, long-term lease and coterminous extensions on floors 10 and 15, the tenant will vacate the 16th floor in 2014 and occupy two contiguous blocks of space in the asset.
In addition, the tenant receives monument signage outside of the building, which will provide prominent branding for the firm.
The extension and expansion brings the firm's total space to more than four times the amount of space it occupied in 2004, which was 18,821 square feet. The firm relocated from 1177 Avenue of the Americas and first occupied the 15th floor at 1350 Avenue of the Americas.
"SL Green accommodated our needs as a growing firm by allowing us to expand within the building on contiguous floors, which will enable the firm to operate more efficiently as well as provide us with monument signage outside of the building," said Steven Kass, Chief Executive Officer & Co-Managing Principal of Rothstein Kass.
Rothstein Kass is headquartered in Roseland, New Jersey, with offices in New York, Beverly Hills, San Francisco and Walnut Creek, Calif., Dallas, Denver and an offshore office in the Cayman Islands.
Jared Horowitz of Cushman & Wakefield represented Rothstein Kass. The landlord, SL Green, was represented in-house by Howard Tenenbaum and Gary Rosen.
"SL Green recognized a strong growing company in Rothstein Kass and made it possible for the tenant to capitalize on today's market environment by negotiating an early renewal and leasing of additional space as well as providing flexibility for future growth," said Jared Horowitz, a Cushman & Wakefield executive director.
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