NEW YORK CITY—Greenberg Traurig has signed a 15-year lease to relocate its New York office to SL Green Realty Corp.'s One Vanderbilt Ave. The 1,401-foot skyscraper is currently being developed next to Grand Central Terminal. The law firm will occupy four contiguous floors, approximately 130,000 to 140,000 square feet in the building.
“Greenberg Traurig could have gone anywhere in New York and made a major statement by choosing to stay in East Midtown, reflecting the incredible demand we're seeing for new construction in the most commuter-friendly location in the city,” says Marc Holliday, CEO of SL Green. “East Midtown is building on its historic status and convenience, with One Vanderbilt's location, amenity and infrastructure proving to be a magnet for the most prestigious companies.”
Richard A. Rosenbaum, executive chairman of Greenberg Traurig, says the move to the new location is a central part of the firm's strategic plan to position its New York presence for a fast-changing global marketplace. He noted the technological innovations offered in the new building will assist in their providing alternative services.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
