Dewey Ballantine Inks 500,000-SF Renewal and Expansion

NEW YORK CITY-In another of the mounting 100,000 plus sf lease transactions this year, Dewey Ballantine LLP has renewed and expanded into nearly 500,000 sf of office space for its headquarters at 1301 Avenue of the Americas. The firm, which has 13 offices worldwide, has approximately 350 attorneys and 395 additional staff members in its Manhattan headquarters. The site is leased and managed by Equity Office, and owned in a joint venture with Lehman Brothers.

Dewey Ballantine has leased space on the so-called Corporate Row since 1990 and currently occupies more than 22% or approximately 405,000 sf of the 1.8 million-sf building’s office space. An 88,000-sf expansion is expected to be completed by 2006. The financial details of the transaction were not revealed.

Joseph Thanhauser and Gordon Ogden of Byrnam Wood represented Dewey Ballantine in the above transaction. The brokerage firm also handled Dewey Ballantine’s original lease. Brett Greenberg, Equity Office’s managing director of leasing for the New York region, and Joseph Artusa, leasing representative, acted on behalf of the landlord.