Akin Gump Stauss Hauer & Feld will occupy floors 41 through 46 in the 51-story, 2.1-million-sf tower. Bank of America, developer Douglas Durst's equity partner in the tower, will have floors two through 36 and 51, and the Durst Organization leased the 40th floor. The building is around 90% occupied.
At RealShare New York in September, Durst told Real Estate Media group publisher and editorial director Michael Desiato that he didn't think the company would "have any trouble getting $100 per sf at the top of the building." He also estimated that when completed, the development will bring in $34 million in taxes to the city.
Durst bought the former Maidman family's 22-story office tower at 113 W 42nd St., between Avenue of Americas and Broadway, in a $12.5-million deal. The price tag for the 2,200-sf land parcel is among the highest land prices ever paid, totaling around $5,000 a sf.
Akin Gump was represented by Washington Realty Group's Eric Berson, while Durst by his in-house team of Eric Engelhardt and Tom Bow with lawyer Gary Rosenberg.
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