Midtown Law Firm Leases 57,350 SF of Expansion Space

NEW YORK CITY-The plan to bring two recently merged Midtown law firms under one roof has been executed with a lease for 57,350 sf of expansion space that nearly quadruples the size of the new firm’s home office. Terms of the lease were not disclosed, but comparable second-quarter asking rents in the area are roughly $75.

DC-based Dickstein Shapiro Morin & Oshinsky signed a 10-year lease for 2 1/2 floors of additional space at its 1177 Avenue of the Americas headquarters. One of the floors, previously occupied by Bank of America, was leased fully furnished, and is already occupied by the firm. The remaining 1 ½ floors will be occupied in February 2003, according to a spokesperson from Dickstein Shapiro.

“The firm plans an aggressive expansion in New York and this property was unique in its ability to not only accommodate Dickstein Shapiro’s immediate but also its future needs,” says Mark Ravesloot, one of the Insignia/ESG brokers on the deal comments in a statement.