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Massive Lease In Works for 1M-SF Project

NEW YORK CITY-GlobeSt.com learns that Proskauer Rose LLP is looking to lease 600,000-sf at Boston Properties' new one-million-sf development here.

By Natalie Dolce | Updated on December 07, 2007

NEW YORK CITY-Locally based Proskauer Rose LLP, one of the nation’s largest law firms, is said to be in a handshake deal at the moment to lease 600,000 sf at a new Boston Properties site. Word on the street is that the new one-million-sf office tower will be located at 250 W. 55th St. at Eighth Avenue.

The unidentified source also tells GlobeSt.com that CB Richard Ellis is marketing the deal, but a CBRE spokesperson declined to comment at this time.

The law firm currently leases space at Hines’ 41-story 1585 Broadway property, which is also headquarters to Morgan Stanley. Calls to Hines, Boston Properties and Proskauer Rose were not returned by deadline.

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