Law Firms Consume Prime Midtown Space

NEW YORK CITY-Covington & Burling has inked a deal to lease 160,000 sf on five floors in under-construction New York Times Building at 620 Eighth Ave. And global law firm Simpson Thacher & Bartlett has committed to close to 80,000 sf at Chrysler Center.

Covington & Burling will use the space for continued expansion. The firm will occupy floors 39 through 43 of the building 41st Street. Covington & Burling signed a 20-year lease with options for additional space. They are expected to be in the space during spring of 2007.

This is the second lease signed for the NYT site. Last month, another law firm, Seyfarth Shaw LLP, inked a deal for 100,000 sf at the under-construction site. The firm inked a 17-year deal and expects to be housed at the site when it opens in the second quarter of 2007.