Law Firm Inks 131,619-SF Renewal and Expansion

NEW YORK CITY-In an expansion move, Milberg Weiss Bershad & Schulman LLP renewed its lease and took an additional 15,000 sf at the Vornado Realty Trust-owned One Penn Plaza. The firm, which will occupy floors 48 through 50 and part of the 47th, now has a total of 131,619 sf in the site.

“Due to our firm’s rapid growth we had to expand our office space to meet our current business needs and to allow room for future expansion,” says the firm’s David J. Bershad. The transaction also provides for the option to lease future expansion space within the firm’s same elevator bank.

CB Richard Ellis’ Scott Gottlieb, Michael Laginestra, Lewis Miller, Joan Meixner and Stephen Siegel arranged the 15-year renewal and expansion on behalf of Milberg Weiss. Vornado negotiated directly through Daniel North and David Greenbaum. Attorneys involved in the negotiations included Scott I. Schneider of Loeb & Loeb LLP who acted for Milberg Weiss and Ronald D. Sernau of Proskauer Rose who negotiated on Vornado’s behalf.