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Labaton Sucharow & Rudoff LLP To Relocate New York HQ To 140 Broadway
21 Nov, 2006, New York
Litigation Firm will Lease In Excess of 70,000 SF of Space
In a transaction that speaks to the increasing viability of Downtown Manhattan for tenants of all industries, Labaton Sucharow & Rudoff LLP recently signed a 15-year lease for 70,480 square feet of space at 140 Broadway. Cushman & Wakefield’s Robert Constable and Louis D’Avanzo, the exclusive leasing agents for 140 Broadway, represented the ownership, Deutsche Immobilien Fonds AG. Dan Gronich and Roberts S. Shapiro, both of Grubb & Ellis Company, represented the law firm in the long term lease transaction, which will relocate the firm from smaller space at 100 Park Avenue.
Labaton Sucharow & Rudoff, which focuses on securities class action, antitrust and high profile entertainment and business litigation, chose 140 Broadway after an extensive study of appropriate space availabilities throughout the New York Tri-State Region. The high quality of the building, as well as floorplate size, views and proximity to transportation all contributed to Labaton Sucharow & Rudoff’s final decision to lease the 23rd, 33rd and 34th floors of the building. 140 Broadway offered a first-class property at a compelling value compared to buildings of a similar quality found in Midtown. Labaton Sucharow & Rudoff expects to move all 120 employees next fall.
“Tenants continue to find high-end, premier office buildings comparable to those of Midtown in Lower Manhattan,” said Mr. Constable. “We’ve seen a number of leading firms relocate their operations Downtown. Companies like Labaton Sucharow & Rudoff are leading the way and playing a major role in the revitalization of Downtown.”
According to Mr. Shapiro, “140 Broadway satisfied all Labaton Sucharow & Rudoff’s expansion requirements and objectives better than any space in Midtown where they are currently located, and allowed them to set up offices at one of Downtown’s most distinguished addresses.”
Built in 1967, 140 Broadway was carefully planned to encourage efficiency and its floors allow optimal layout flexibility and creativity. The building features breathtaking views, wrap-around windows and dramatic high ceilings.
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