The firm is said to be taking 11 floors in the landmark building at 787 Seventh Ave. Current occupant Ernst & Young LP, which is readying its own building in Times Square, will reportedly vacate the space by March 2002. The lease on Sidley Austin's temporary space at 875 Third Ave. expires June 30.
American Express reportedly had been considering 500,000 sf of space in the Equitable building space before deciding last week to return to its Downtown headquarters at the World Financial Center. Once American Express withdrew from negotiations, Sidley Austin threw its hat in the ring.
Insignia/ESG represented both Sidley Austin and building owner Equitable Life Assurance Society USA in negotiating the 20-year lease.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
