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Boston Law Firm Beefs Up Lexington Ave. Space to 55,000 SF

NEW YORK CITY-Boston-based law firm Goodwin Procter LLP leases a full floor and renews its space on two partial floors of the 47-story tower at 53nd St. and Lexington Ave.

By Glen Thompson | Updated on December 31, 2001

NEW YORK CITY-A Boston-based law firm has renewed its lease for 30,000 sf on the 39th and 40th floors of 599 Lexington Ave., and will soon occupy an additional 24,597 sf, the entire 30th floor of the Boston Properties-owned building.

Julien J. Studley Inc. vice chairman Mitchell Steir and executive managing directors Michael Colacino and Matthew Barlow represented the tenant, law firm Goodwin Proctor LLP, in the transaction. Insignia/ESG brokers Timothy Gibson, John Powers and Michael Goldman represented the building owner. Terms of the deal were not released, but asking rents for high-end law firm space in the building are $80 per sf.

“Securing additional fully improved law firm space in the same elevator bank was the perfect solution to Goodwin Procter’s needs at this time, Steir says. According to Steir, Goodwin Procter, which acquired locally based law firm Schnek, Weltman & Hashmall in March, will move into the 30th floor offices this spring, when law firm Jones Day vacates the space. Steir, Colacino and Barlow arranged the Jones day relocation to a 230,000-sf space at 222 E. 41st St.

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